QUESTION:
Hi, I am a Canadian citizen who is currently married to an American and
Living in the USA. My husband and I are going to be moving back to Canada in
the next couple of years and I have a few questions.
Will my American husband have to pay taxes to the USA while living and
working in Canada?
When we decide to have children and if they are born in Canada, can they
have a dual citizenship with Canada and the USA?
This July, my husband and i will have been married for two years and i will
be able to Apply for my American Citizenship, Will i still have my Canadian
citizenship?..if so then I would have a dual citizenship?
Thank you very much for your help,it is truly appreciated!
Mxxxxxx
---------------------------
david ingram replies:
If you have any idea that you might want to move back to the USA, "Get" your
US citizenship first. You will keep your Canadian citizenship as well.
When you move to Canada, both you and your husband will have to file US tax
returns as well as Canadian returns but foreign tax credits (form 1116) and
earned income exemptions (form 2555) of up to $80,000 should / will prevent
your having to pay double taxation unless your Canadian income gets up to
the $120,000 each.
Even then, when Alternative Minimum tax kicks in, it is very small in
relation to the total income and is a credit against future taxes that might
be paid.
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