David,
I recently married a girl from Maryland. I am a Canadian citizen but have no property in Canada just a Bank account - OHIP - car registration and Canada Pension ( I am 65)
My wife is five years younger and has a very good job.
We have been advised we have to file a joint tax return.
Does this mean my only source of income - my pension - is taxed in Canada and then added to her income to be taxed again at a really high rate in US ?
OR do they effectively add our incomes together and then average them between two people so it lowers the rate she pays?
Is it worth me keeping Canadian citizenship and pension if the former is the case?
How do they calculate the exchange rate as my pension is paid monthly throughout the year?
Many thanks for your great source of info
