Canada and the United States are reportedly close to an expanded border tracking system that will closely monitor the cross-border movements of citizens. Should we be concerned about the use of this information, and what does it mean for residents on both sides of the border? For those that spend significant time cross border, not having a clear understanding of your tax related responsibilities could be a costly mistake.
In the attached article from The Bottom Line, Jason Kingston comments on how the substantial presence test works in determining whether Canadians might be considered U.S. residents for tax purposes.
The Bottom Line is an independent and specialized business periodical that follows trends and technology within the industry. View full article at The Bottom Line. For more information on this topic, please contact Jason Kingston at email@example.com.