Higher Canadian Dollar Random Thoughts

Canadians are getting a 20% raise! More people are driving down the south to pick up bargains. Crazy lineups these days.

However, if you are an American living in Canada or green card holder, you may encounter an unexpected surprise. If you haven't filed your US tax return, the border crossing guards now have access to these information and they may bar you from entry. It is no secret that CRA and IRS have been sharing tax information for years. But for the first time, these information are made available to the Homeland Security.

As a dual citizenship of Canada and US or a US green card holder, you have the obligation to file US tax return every year! We have a client who was born in the US and moved to Canada 25 years ago when he was 2. He found out the hard way when he was having trouble to apply for his US passport.

If you need help on filing your tax return, staff from YY consulting are specializing in the Canada-US cross border tax. And remember to check the border wait times before you go.