Calgarypuck Forums - The Unofficial Calgary Flames Fan Community

Go Back   Calgarypuck Forums - The Unofficial Calgary Flames Fan Community > Main Forums > The Off Topic Forum
Register Forum Rules FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Search this Thread
Old 10-19-2009, 08:47 PM   #21
I-Hate-Hulse
Franchise Player
 
I-Hate-Hulse's Avatar
 
Join Date: Jul 2003
Location: Sector 7-G
Exp:
Default

Quote:
Originally Posted by MoneyGuy View Post
Hah, I'ma CFP. YOu don't pay double taxes due to the tax treaty between Canada and the U.S. I'm not a U.S. tax expert but I do know that.
I'm a designated accountant as well, though taxation is not my particular area of expertise. This is where you know your situation best. If your daughter holds anything remotely complex in terms of investments that may have foreign tax witholdings implications (ie Trusts or Master Limited Partnerships) there may be advantages / disadvantages to citizenship and resulting tax burden. Not saying there is, but it doesn't hurt to check with someone that deals with expat tax.

That is if it applies. If all she has is employment income than yes, tax treaty's got you covered there and it should be relatively straightforward and I wouldn't even bother with the tax advice.
I-Hate-Hulse is offline   Reply With Quote
Old 10-20-2009, 05:42 AM   #22
SportsJunky
Uncle Chester
 
SportsJunky's Avatar
 
Join Date: Feb 2007
Exp:
Default

Quote:
Originally Posted by MoneyGuy View Post
My wife was born in the States but has only Canadian citizenship. It now appears that our daughter will likely move to the States for several years of university.

Does anyone here know about the process of my wife and daugher applying for dual citizenship and if this provides any benefit? It might help our daughter if she needs to work during her university years. My wife and I will not likely live in the States, except maybe part time during retirement, but there may be some value for our daughter. Does it help our daughter if he mother has dual citizenship. I understand that my daughter is eligible for dual citizenship because her mother was born in the States.

Any advice appreciated.
I'm also a dual citizen. My parents were both U.S. citizens and I was born in Canada.

My understanding is that if your wife was born in the U.S. she is a U.S. citizen already obviously and will just need to formally fill out the paperwork to receive a passport. She should have a social security # that was issued to her when she was born?

Your daughter is eligible for U.S. citizenship based on her mother's country of birth. I would recommend she apply for her U.S. passport (SS # comes with it) even if she isn't planning on going to school down there. It's just nice to have it taken care of early IMO. Talk to the U.S. Consulate General in Edmonton or Calgary. Also almost all questions can be answered with a quick google search as I found out.
SportsJunky is offline   Reply With Quote
Old 10-20-2009, 03:45 PM   #23
Bill Bumface
My face is a bum!
 
Bill Bumface's Avatar
 
Join Date: Feb 2003
Exp:
Default

I have a friend who went to school in the US and has stayed there to work. She has to leave every year to renew her work permit/visa and it has been a giant PITA several times. So if you may save her some headaches there.
Bill Bumface is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 09:06 PM.

Calgary Flames
2024-25




Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2021 | See Our Privacy Policy