Article View: can.general
Article #38569Re: Moving to USA
From: Randy Wittchen
Date: Wed, 29 Mar 2000 00:00
Date: Wed, 29 Mar 2000 00:00
45 lines
2805 bytes
2805 bytes
Hi Mike Mike wrote: > > I've recently had several job opportunities in the US and was wondering what > was involved when working in the US. > > I currently am a Quebec resident, the owner of a house and employed full > time. Should I accept the move I don't know if I would have time to sell > the house, but could possibly rent it. In any case I'd like to possibly > maintain it if I should decide to move back. I'm aware that to work in the > US you need a green card or a Visa (the visa isn't a problem based on my > profession). You may wish to check out the following website which deals with the various visas and the procedures and requirements including H1-b and NAFTA visas. See http://www.grasmick.com/ . There is also some information on US taxes. The answers below are general information only and you should seek professional advice. If you are a resident of Canada for tax purposes then you are liable to pay tax to Canada on your world-wide income even while working abroad. However there is a tax treaty between the US and Canada which is designed to prevent double taxation so that if you pay tax in the US you claim that as tax credit on your Canadian tax return. It is of course more complex and I would recommend that you consult with a tax accountant who is an expert in cross-border tax planing and issues. It has been my experience that pre-planning can save significant money in this complex area. If you order your affairs prior to your move this usually gives you maximium flexiblity. > What I'm wondering is the following > 1) Can I work in the US and still own a house in Canada (Quebec). Yes. However if you rent out the house this will be Canadian source income which will be taxed. There are also tax implications such as capital gains if you then sell the home without returning to re-establish it as your primary residence. > 2) Would I have to pay income tax in Canada (or any other tax besides > property tax). See above.
Technical Details
Message-ID:
<38E24DA6.2AF4@direct.ca>Path:
arc1-ca.pugleaf.net!unknown!not-for-mailReferences:
<se4g9b6read32@corp.supernews.com>Show Full Headers
Complete Article Headers
X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: f504b,c642cda59fc56417 X-Google-Attributes: gidf504b,public X-Google-Thread: fb1ea,c642cda59fc56417 X-Google-Attributes: gidfb1ea,public From: Randy Wittchen <wittchen@direct.ca> Subject: Re: Moving to USA Date: 2000/03/29 Message-ID: <38E24DA6.2AF4@direct.ca> X-Deja-AN: 603968763 Content-Transfer-Encoding: 7bit References: <se4g9b6read32@corp.supernews.com> Content-Type: text/plain; charset=us-ascii X-Complaints-To: abuse@direct.ca X-Trace: brie.direct.ca 954355662 216.66.133.65 (Wed, 29 Mar 2000 10:47:42 PST) Organization: Internet Direct - http://www.mydirect.com MIME-Version: 1.0 Reply-To: wittchen@direct.ca NNTP-Posting-Date: Wed, 29 Mar 2000 10:47:42 PST Newsgroups: can.general,can.legal