KeatsConnelly Cross-Border Weekly Best of the Web 2013-1-25

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s list includes a discussion about an interesting dynamic expat Canadians face when returning to Canada, difficulties Canada is having attracting American tourists, a compelling dive into how US taxes compare to other countries and a real dandy of a post from our own blog on the impact of reframing in changing financial behavior.

Why are expat Canucks thought of as “less than Canadian” when we return home, especially professionally? (jonathanblaine.com) – There are 2,800,000 Canadians living abroad — 9 percent of Canada’s population — and more of those live in the USA than in any other country. Expatriate “global” Canucks like me are just as Canadian as the guy who lived in Moose Jaw all his life, and perhaps more so, as many proudly wear our Maple Leaf on our sleeves abroad, cheer on Team Canada from Atlanta, London or Tokyo, seek out Canada Day celebrations in New York or Moscow to simply be around other Canadians if only for a few hours (and say “eh!” without people looking at us strangely), and often are Canada’s unofficial ambassadors in foreign lands…

Why Americans have soured on visiting Canada (www.theglobeandmail.com) – Fewer Americans are visiting Canada – and it’s not just a temporary lull. Travel to Canada from the United States fell 1 per cent in November from a month earlier, with four declines in the past five months. The drop was especially acute in travel by plane, which tumbled 4.8 per cent in the month. Americans are – by far – the most important foreign source of tourism revenue for Canada’s $79-billion tourism industry…

How Low Are U.S. Taxes Compared to Other Countries (finance.yahoo.com) – No, the U.S. is not a high-tax country. But saying exactly how not-high-tax we are gets a little tricky. The graph at the top of this article comes from a KPMG report excavated by Henry Blodget. It shows personal tax rates on $100,000 around the world. The U.S. comes in at 55th out of 114. As for the richest one or two percentiles of earners, we come in at practically the same place: 53rd-highest. Reminder: The fiscal-cliff tax hike kicks in about $100,000 above this level. But these numbers might understate how low taxes have been in the U.S…

A Cliff by Any Other Name… (www.keatsconnelly.com) – Many years ago, a college friend and I “gave up” something every year for a specific time period. It was usually something like candy, donuts, cake or chocolate. This challenge let us know we could do without, but we always went back to eating the same as we had before.One time, after my college days had ended, I gave up soda. As soon as my time was over, I went back to drinking soda. A few years later, I decided to try it again. I gave up soda, but at the end, I didn’t return to drinking soda. I had an occasional “real” soda as a treat, but I was no longer a soda drinker…

Come back next Friday for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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