eMail Article To a Friend View Printable Version

US citizen working offshore for Canadian Corporation while living in the USA

QUESTION: Hi-
I'm a US citizen about to take a job with a Canadian based company.
I'll continue to live in the US, but will work overseas mostly, but on
occasion in Canada. I'm looking at the possibility of opening a savings
account with a Canadian bank for deposit of my pay to take advantage of the
current exchange rate differential of change. First, can I do this?
Second, if I can, are there Canadian tax implications? I'm aware I'll have
to pay tax to the US.