KeatsConnelly Cross-Border Weekly Best of the Web 2013-2-15

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 we offer important information regarding avoiding U.S. tax residency for snowbirds, an op-ed piece interesting for Canadian dual-citizens, information for Canadians purchasing US real estate and a piece from our own blog on dealing with currency issues in portfolios.

Residency Rules Snowbirds Need To Know (www.advisor.ca) – Avoiding Canadian winters by heading to the warmer climate of the southern United States has long been a common goal for Canadian retirees. These snowbirds look to enjoy the warm weather while maintaining their Canadian ties. For many it’s a great way to spend a part of their retirement, as long as they are aware of the potential tax consequences…

Andrew Coyne: Abolishing dual citizenship best way to deal with divided loyalties (www.nationalpost.com) – Suppose you are a Canadian citizen, and you decide to commit treason against Canada. You could have committed other crimes, but you chose that particular crime, an attack not on an individual or group but society as a whole. You have, quite literally, waged war on your own country…

Buying a U.S. vacation home? Make sure you know the tax rules (www.theglobeandmail.com) – The lure of a buying a vacation property in the American sunbelt can be enticing, especially for Canadians suffering through a brutal winter. There are plenty of compelling reasons to buy south of the border: The Canadian dollar remains strong against the U.S. greenback, and real estate prices are still low…

And, in case you missed it…

Currency In Portfolios (www.keatsconnelly.com) – For those who pause to think about it, one of the more complex decisions in investing is exposure to other currencies. Like other financial assets, currencies fluctuate, and your exposure to currencies outside your “home” currency can have a dramatic impact on your future purchasing power. Making financial decisions in the face of uncertainty is always difficult. There is no shortage of opinions on where the stock market, interest rates, or the US dollar are headed…

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

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Posted in Cross-Border Blog
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.
A Canadian's Best Tax Haven
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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