Canadian Tax
The Trump Bump? Why More US Expats Are Looking to Renounce Their Citizenship
In the wake of Donald Trump’s 2024 election victory, many US expats are taking a hard look at their American citizenship—and deciding that renunciation may be their best option. According to a recent CBC News article, US consulates in Canada have seen a surge in inquiries from American expats looking to cut ties with the…
Read MoreUS Travel: Will Trump’s New Registration Requirement Impact You?
If you’re a Canadian looking to snowbird or head south for a few months, you may have seen the news that beginning April 11, 2025, foreign nationals preparing to travel to the US for an extended period should be prepared to comply with new registration requirements ordered by the Trump Administration. Registration Requirement The Alien…
Read MoreTrump’s Gold Card Announcement and the Future of EB-5
In a February 25th press conference, the Trump Administration announced plans to introduce a ‘Gold Card’ Program that would provide high-net-worth individuals permanent residency and a pathway to citizenship for $5 million. The announcement created ripples of confusion, including those either in the final stages of making an investment into an EB-5 Regional Center or…
Read MoreTop Four Questions People Ask When Looking to Renounce their US Citizenship
Renouncing your US citizenship or terminating your Green Card is a significant decision for you and your family. Our team of experienced US lawyers has unparalleled experience in guiding clients through this process successfully. We have handled more than 6,000 renunciations and Green Card terminations — more than any other firm in the world —…
Read MoreCanada Realigns Its Priorities: The Temporary Foreign Worker Program
On August 6, 2024, Minister of Employment, Workforce Development and Official Languages, Randy Boissonnault announced a reduction in the number of temporary foreign workers, as well as strengthened compliance measures for the Temporary Foreign Worker (“TFW”) Program. These measures are a direct response to current Canadian labour market conditions, intended to ensure that qualified Canadian…
Read MorePractical Immigration: New Rules for Importing Your Dog to the US
In the second installment of our “Practical Immigration” blog series, we are going to address the US Centers for Disease Control and Prevention’s (“CDC”) new rules for individuals travelling to the US with their dogs, whether for a short visit or long-term stay. According to the CDC, the new dog importation rules are intended to…
Read MoreA recent survey shows that nearly one in three US expats plan to renounce their citizenship or are seriously considering it. Read their reasons why.
A combination of complex tax requirements and greater dissatisfaction with governmental policies is pushing more US expats towards renouncing their US citizenship. Recent surveys highlight the significant burden and challenges posed by the US tax system, particularly the requirements to report income and bank accounts in their home country under laws like the Foreign Account…
Read MorePractical Immigration: Importing Your Vehicle from Canada to the US
In this first installment of our “Practical Immigration” blog series, we are going to address one of the questions our clients most frequently ask “So now that I have my visa and am ready to move to the US, what happens to my car?” Our team has had to figure this answer out for ourselves…
Read MoreWhat You Need to Know: The E-2 Visa Minimum Investment Amount
The E-2 Treaty Investor Visa Program offers a flexible and viable pathway for aspiring Canadian entrepreneurs and investors looking to establish or purchase a business in the United States. It’s specifically designed for individuals from countries with which the United States maintains a treaty of commerce and navigation, allowing them to invest significant capital in…
Read MoreThe Biden administration is proposing a capital gains tax rate of 44.6% as part of the fiscal year 2025 budget. Why a record number of American expats are looking to renounce US citizenship before it’s too late.
In the recent fiscal year 2025 budget proposal from the Biden administration, there has been a notable push towards increasing tax rates, particularly on capital gains, which could have significant implications for US citizens living around the world. The proposal introduces a graduated taxing structure, with further modifications to include an increase to a 44.6% capital gains…
Read MoreOur Review of the 2024 Federal Budget: An In-Depth Analysis
On April 16, 2024, the government of Canada released its Budget 2024. Overall, this budget can be characterized as a very heavy spending budget with continued large deficits, no fiscal anchor, increasing public debt charges (now estimated to be a whopping $54.1 billion for the upcoming year…yes, that’s more than $1 billion per week) and…
Read MoreCanadian Citizenship 101: How To Become a Canadian
So, You Wanna Be a Canadian? Since the signing of the Immigration Act, 1976 into legislation almost 50 years ago, Canada has become a world leader in welcoming new migrants from across the globe. The Act was the first piece of legislation to clearly outline Canadian immigration policies and objectives, which ultimately removed broad discretionary…
Read MoreHave you ever wondered how much your US citizenship is costing you? Why renouncing could save you hundreds of thousands and open new doors for financial opportunities.
The weeks and months leading up to June 15 are typically referred to as tax season for the more than eight million US citizens living abroad. This time of year can also feel a lot like Groundhog Day. That’s because US expats are reminded yearly of the cost of maintaining their US citizenship, even though…
Read MoreThe EB-5 Attracts More Investors as USCIS Data Trends Positively
The latest data from USCIS is in, and suggests that the EB-5 Immigrant Investor Program is alive and growing healthier by the quarter. U.S. Citizenship and Immigration Services (USCIS) recently released filing and processing statistics for the 4th quarter of the 2023 fiscal year, which included encouraging signs for the EB-5 Program. New filing numbers…
Read MoreLooking to make 2024 your last filing year for US taxes? Here’s what you need to do.
In a recent survey, one in five US expats (20%) is considering or planning to renounce their US citizenship. What’s the main reason? The headaches associated with filing US taxes, the complexities of US tax laws, and owing US tax. So far, in 2023, we have seen a big jump in the number of people…
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