When moving from the United States to Canada, it is crucial that one takes into consideration the large tax implications, especially if ties such as ownership of rental properties continue to exist. Managing multiple properties and reporting income within two different tax systems can be extremely gruesome. In this article entitled “Northern Exposure” by Andrew Allentuck, he explores the situation of a couple who plan to move to Canada from Alaska and what type of tax implications they can expect. Allan Madan also features in this article as a tax expert in which he explains the type of tax ramifications. You can read the full article here.
About the Author
Andrew Allentuck writes about personal finance for the Financial Post and the Financial Post Magazine. He has authored a number of books including When Can I Retire? Planning Your Financial Life After Work.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.