Those who have "enjoyed" dual citizenship with the USA are being being held to the fire to help out with their extreme debt, with the threat of seizing assets held in Canada.
They are all to file a US Tax return claiming their Income.
One client was born in Canada and his parents registered him as a Canadian/American dual citizen. With our high Canadian dollar his Income is worth more in US dollars than it would have been 10 years ago and therefore more likely to be a taxable situation.
They are all to file a US Tax return claiming their Income.
One client was born in Canada and his parents registered him as a Canadian/American dual citizen. With our high Canadian dollar his Income is worth more in US dollars than it would have been 10 years ago and therefore more likely to be a taxable situation.