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This is an excellent video. You covered almost all the cases.. thank you soooooo much for creating this. You made a huge difference in my life. ❤

Is it better to sell, rent or keep empty house if moving to USA on TN visa?

The Audio could have been better, just a suggestion for future. Thanks for sharing.

Can you do one for a Canadian who married an American then moved to the US for many years and wants to return to Canada when she reaches 66 and is eligible to get US social security?

My daughter became non resident of Canada on Jan 1 2023, she lived and worked all year in the US, but had a small income of aprox 3,500 paid to her in US dollars to her US bank account in 2023 for self employment income. They gave her a T4ANR but did not withold tax. Does she have to file and pay tax on that income in Canada? She must claim all world income in the US

I loved the talk but the constant talking over each other made it a bit annoying.

Excellent explanation.

Weird how every western country has governments that work against the interests of their people.🤔

What about opening a corp in the US under E2 status. can we move fund from the corp in canada to the corp in the US freely if its the same business.

So many things to clarify. I moved from Canada to California many years ago so I believe I know what I'm talking about. Firstly Warren is right that Canada doesn't tax CPP benefits, however the Canadian Government sends a 1099R form to recipients outside Canada. In the U.S. this is added on to our income when we file our taxes and we psy taxes on the whole amount as if the benefits were paid in U.S. funds. Secondly we do pay a whole lot more in Social Security than Canadians do in the Canada Pension Plan but we get considerably more at retirement. Say a couple paid maximum in Social Security (It allows in not counting for a certain number of low earning years) at retirement age the couple retiring in 2023 would get approximately $5500 a month combined ($2750 each). If the wife never worked or did work and didn't earn much she would collect 85% of what her husban receives or around $1800 a month. Thirdly mortgage interest and property taxes deductions are now limited to $10,000. This has really helped the average American since the standard deduction has been raised to $27,500. What this tax bill has done is stopped subsidizing the ultra rich with multi million dlollar. mortgages and high property taxes. For example say in California a multi million dollar home with yearly mortgage interest of $150,000 and property taxes of $50,000 plus State Income Tax of $40,000 prior to 2017 the taxpayer could deduct $240,000 off the federal taxes. Now since it's limited to $10,000 the taxpayer takes the $27,500 deduction. In a nutshell prior to 2017 the lower income taxpayers were subsidizing the high earners in high real estate and property taxes not to mention their high State income taxes that are also limited to that combined $10,000 maximum.

If as canadian citizens my wife and I left Canada but kept a home vacant to come back to once a while, can I assume that we will continue paying taxes as factual residents of Canada? Or do I have to still get a ruling from Canada concerning my residency? Basically is it illegal not to file the NR73 form and keep paying our taxes considering we have a vacant home? We will be staying abroad for 3 or 4 years before we probably come back in the future. Most of our time would be abroad during these years.

Great video, thank you

TN Visa Holders (Canadian) can live indefinitely in the US (as long as it’s renewed every 3 years) and not be considered long-term residents? No exit taxes?

Hi Is it possible for to book an appointment with you Thanks ☺️

This is absolutely fantastic. Thank you sir

Thank you for bringing attention to this risk area!

Very well explained and presented!

How about a Canadian using a 3rd Party Logistics (that is a contractor storing products for Canadian Businesses in the USA).

Very helpful!

Great presentation! How about special lecture on real estate investment in the us? What ownership structure would you recommend? Will 3 tier structure avoid potential llc tax issues?

Thats less of informative and more of a fear mongering. No substance!

Great video. If I am currently living with parents, and then rent a place in a new country (ie USA), but use that as my home base for travelling around as a digital nomad, does the treaty still protect me from Canada and make me a tax resident of the US? For example. Nothing rented in Canada, just staying with family, but rent a home in Florida for example. Does that automatically qualify and serve as protection from Canadian tax? How much time do I really need to spend in my rented home? I really hate that its still up for debate and unclear even with a tax treaty

This is very well explained, thank you