Introduction If you are a U.S. citizen living in Canada, you may have heard that you must file an FBAR (Foreign Bank Account Report) when you hold foreign financial accounts. Many U.S. expats discover this requirement only after living abroad for years. Fortunately,...
Introduction If you are a U.S. citizen or green card holder living in Canada and have not filed U.S. tax returns or FBARs, you are not alone. Many Americans abroad discover years later that U.S. tax filing obligations continue even after they move to Canada. The IRS...
Introduction If you are a U.S. citizen or green card holder living in Canada, you need to understand your U.S. tax and reporting obligations. One of the most important requirements is the annual Report of Foreign Bank and Financial Accounts, commonly called the FBAR...
Introduction U.S. citizens and green card holders who move to Canada often bring existing estate plans with them. In many cases, U.S. trusts—both revocable and irrevocable—form an important part of that planning. Although these trusts function effectively under U.S....
Introduction Why Entity Classification Matters After Immigration U.S. citizens and green card holders who become Canadian tax residents often continue to own U.S. business entities. These entities typically include LLCs, S-corporations, C-corporations, and...
