U.S. Canada Tax Drawbacks of Holding A Principal Residence or Vacation Property For Too Long Before Selling
March 22, 2017
Due to the close proximity, many U.S. individuals move to Canada for personal or work reasons but maintain their U.S. citizenship. In addition, some Canadians acquire U.S. citizenship from one or both of their parents. As U.S. citizens, the person needs to fulfill their U.S. tax responsibility. This includes reporting the sale of a Canadian...