Living in Point Roberts, Washington and working in

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David Ingram,
If I am a Canadian living in the USA [Pt. Roberts] under a green card with
my USA wife and work only in Canada, do I have to file both USA & Canadian
income tax?
Also, will the total income taxes be more compared to only living & working
in Canada ?
I would appreciate your comments & intend to use you for income tax
preparation once I obtain a green card & move to the USA.
Thank you.
 
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david ingram replies:
Living in Point Roberts and working in Canada gives you the  best and worst of two worlds.
1.    When you get your green cardand move to Point Roberts, your BC Medical plan is cancelled.  Do NOT  make the move without verifying that you will qualify for medical in the USA.  Any  pre-existing condition could make the cost prohibitive.
2.    If you have a lot of assets, beware of departure tax from Canada.  You will need to fill in a T1161.
3.    Once there, you will pay Canada full income tax, CPP and maybe EI if an employee.  You will then file a US 1040 (likely a joint 1040 with your spouse).
On the US 1040, you will  report  all your Canadian Income after converting it to US dollars.
You will then claim a foreign tax credit on form 1116.
We will be happy to look after you at that time.
As an aside, your wife and yourself should likely consider booking an appointment and working out some pro-forma returns before you go.
David Ingram's US/Canada Services
US / Canada / Mexico tax and working Visa Specialists
US / Canada Real Estate Specialists
4466 Prospect Road
North Vancouver,  BC, CANADA, V7N 3L7
Calls accepted from 10 AM to 10 PM 7 days a week
Res (604) 980-3578 Cell (604) 657-8451
Bus (604) 980-0321 
[email protected]
www.centa.com www.david-ingram.com
Disclaimer:  This question has been answered without detailed information or consultation and is to be regarded only as general comment.   Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader & the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent financial, or real estate planner or advisor & appropriately qualified legal practitioner, tax or immigration specialist in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."
This from ask an income tax immigration planning and bankruptcy expert consultant guru or preparer  from www.centa.com or www.jurock.com or www.featureweb.com. Canadian David Ingram deals daily with tax returns dealing with expatriate:
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