Author Topic: New Resident of Canada with Passive American Income  (Read 653 times)

AlyBailey

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New Resident of Canada with Passive American Income
« on: November 14, 2019, 09:43:35 PM »
Hello,

I am an American citizen and have newly become a permanent resident of Canada.  I will be living and working there full-time soon. Although I am no longer working in the US, I will be receiving profit sharing or royalties from the business that I worked for in the US.

How do I go about doing my taxes? My very basic understanding is that I pay American taxes on what I make there, Canadian taxes on my net world income and taxes from one somehow get credited against the other. Any advice at all would be greatly appreciated

mvakar

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Re: New Resident of Canada with Passive American Income
« Reply #1 on: February 16, 2020, 04:39:53 PM »
Hello Alybailey,

We can help you with your taxes. We have cross border tax specialist, who can guide you and help you with your taxes! IF you can give me your phone number or good email to contact you I will have my tax expert contact you to help you with your taxes.