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Old 04-17-2025, 09:12 AM   #21
fotze2
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I've heard some stories of Americans who live abroad and need to fill out a tax return every year regardless of residency and it can be a nightmare, especially if you are a property owner.

I guess the IRS pay extra close attention to expats and will (try to) ding you on taxable benefit type stuff like a grocery store loyalty program.
Canadian banks have agreed to share our financial holdings with them as a few years back. That's when the FBAR burden came in.
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Old 04-17-2025, 09:20 AM   #22
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Oh well that settles it then.

Hey have you read the FIRE book by Quan? He got a job at Facebook after school. It started at $500K/yr.

Whatcha making now?
What the #### are you on about?

My family moved to Canada when I was 5, this country has been great out family, except it could be hotter.

I have had great opportunities here in fact my compensation has increased every year, but 1 which was a self imposed lifestyle choice.
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Old 04-17-2025, 09:23 AM   #23
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There’s a lot less people in the US who worked for Facebook than there are losers who read a book about someone who worked at Facebook and stayed unimpressive their whole lives.

Canada is great for opportunity for realists who actually work.
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Old 04-17-2025, 09:25 AM   #24
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Canadian banks have agreed to share our financial holdings with them as a few years back. That's when the FBAR burden came in.
The point stands that it can be complicated as an American living abroad.

So if OP ever intends to live abroad, I would think twice about citizenship. If you plan to stay forever, citizenship is the best bet. Just pray there isn't another war in Indochina and a draft lottery.
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Old 04-17-2025, 09:25 AM   #25
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What the #### are you on about?

My family moved to Canada when I was 5, this country has been great out family, except it could be hotter.

I have had great opportunities here in fact my compensation has increased every year, but 1 which was a self imposed lifestyle choice.
Your anecdotal experience is irrelevant. I'm sure you've had "great" opportunities. Are they $500K great? Well I'm going to say no.
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Old 04-17-2025, 09:27 AM   #26
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America is unique in that regard. They are the richest nation of all time.

Canada is still a very modern G7 economy with plenty of opportunities, even if it doesn't exactly match the opportunities in the US.
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Old 04-17-2025, 09:27 AM   #27
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One's personal experience is not, "irrelevant."
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Old 04-17-2025, 09:31 AM   #28
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Which path puts me at greater risk?
Skin colour and ethnic heritage.
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Old 04-17-2025, 09:36 AM   #29
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Might as well get it.

Canada really sorta sucks for opportunity.

Think long term.
WTF are you even talking about.
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Old 04-17-2025, 09:38 AM   #30
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The point stands that it can be complicated as an American living abroad.

So if OP ever intends to live abroad, I would think twice about citizenship. If you plan to stay forever, citizenship is the best bet. Just pray there isn't another war in Indochina and a draft lottery.
There are maybe two posters on this entire website who are young enough to worry about a draft. The cast of Cocoon that we got around here doesn't need to worry about that at all
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Old 04-17-2025, 09:40 AM   #31
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I have to renew my green card in 2028 anyway so there is no way around being on radar. That seems low risk. My bigger concern is if I lose anything from Canadian status and don’t think I do.
Just to be safe, and if it is within your budget, I might consult with and/or retain an immigration lawyer. It seems that low level bureaucrats can make people's lives miserable for no reason other than their own personal whims. I'd hate to see a "clerical error" set you back in some way.
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Old 04-17-2025, 09:40 AM   #32
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Your anecdotal experience is irrelevant. I'm sure you've had "great" opportunities. Are they $500K great? Well I'm going to say no.
But it’s ok for you to raise one anecdotal case?

Canada Vs USA: Which Nation is the Perfect Place to Call Home?

https://chaudharylaw.com/canada-vs-u...-to-call-home/

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Old 04-17-2025, 09:42 AM   #33
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One's personal experience is not, "irrelevant."
Especially funny point to one rare anecdotal experience as evidence while dismissing the other, much more common experience, as irrelevant.

Capital L
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Old 04-17-2025, 09:46 AM   #34
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WTF are you even talking about.
It's calgarypuck, there is no subject too benign to not have some sort of pissing match.

We could have a thread about Oatmeal and within a day someone would be obliterating someone for not choosing steel cut oats over the ones cut with some other method, complete with studies and research.
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Old 04-17-2025, 09:47 AM   #35
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Your anecdotal experience is irrelevant. I'm sure you've had "great" opportunities. Are they $500K great? Well I'm going to say no.
Are you really that thick, that you think this is an average or commonplace opportunity in the US?


There are lots of young software developers in Canada, that are making exceptional money right out of school if they are talented and motivated.
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Old 04-17-2025, 09:47 AM   #36
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It's calgarypuck, there is no subject too benign to not have some sort of pissing match.

We could have a thread about Oatmeal and within a day someone would be obliterating someone for not choosing steel cut oats over the ones cut with some other method complete with studies and research.
Oats are for horses.
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Old 04-17-2025, 09:49 AM   #37
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Oh well that settles it then.

Hey have you read the FIRE book by Quan? He got a job at Facebook after school. It started at $500K/yr.

Whatcha making now?
I honestly wouldn't plan your life using what is essentially a self help book. Sure there is a lot of opportunity in the US, there is also a tremendous amount of poverty, and its getting even worse. There is more than enough opportunity in Canada, and yes, you can find ways to make the equivalent of $500/hr or more, in Canada. So, essentially I don't begrudge anyone wanting to work in the US, I lived there myself for over a decade. But its not for everyone.
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Old 04-17-2025, 10:10 AM   #38
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Your anecdotal experience is irrelevant. I'm sure you've had "great" opportunities. Are they $500K great? Well I'm going to say no.
Oh so you wanna swing dicks on compensation.

You show me yours and then I'll show you mine............


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Old 04-17-2025, 10:22 AM   #39
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FIL (green card) and MIL (US Citizen) fled to Canada to evade the draft in the early '70s, children born in Canada... When looking at getting citizenship as a foreign born child of a US citizen, it seemed like it would potentially result in a huge back-tax liability ("to the date that you were aware of your entitlement to American citizenship") and the requirement to file US tax returns annually?
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Old 04-17-2025, 10:40 AM   #40
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There’s a lot less people in the US who worked for Facebook than there are losers who read a book about someone who worked at Facebook and stayed unimpressive their whole lives.

Canada is great for opportunity for realists who actually work.
That's pretty BS. There are many skilled higher earning workers (tech, engineering, health care, etc.), living in the US where you get higher pay, lower taxes, lower cost of living, with better health care and more mobility than Canada.

If you're a skilled worker, there's no comparison between the two countries, Canada is so far behind. Just because you can't comprehend it, doesn't mean the brain drain isn't a very real thing.
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