 |
Back to E-mail Index |
|
|
Dear Mr. Ingram,
Are there US estate tax complications for a US
citizen wife (Canadian permanent res. since 1971) with a Canadian citizen
husband?
Thanks,
K
Yes there are. In addition, you should be filing a US tax return each year even if you have no US income.
If you have or control more than $16,000 in Canadian Banks,
RRSPs, Credit Unions, Canada Savings Bonds, etc., there are severe penalties
for not reporting them...
And Internal earnings in a Canadian RRSP have to be reported
on the US return although we can exempt the tax on the income under Article
XXIX.5 of the US / Canada income tax treaty.
david ingram
Note that this address should not be used any more..
|
|
|
