KeatsConnelly Cross-Border Weekly Best of the Web 2013-11-21

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 a mix of articles discussing Canadian workers, Black Friday, FATCA and cross-border credit.

Canadians migrating for work at highest level in almost 25 years, BMO says(www.business.financialpost.com) OTTAWA— The number of Canadian workers migrating between provinces in search of jobs has hit its highest level in almost 25 years, according to a Bank of Montreal analysis. Most are heading to Alberta and Saskatchewan, and leaving from British Columbia, Ontario, Quebec and Atlantic Canada, the study shows. The movement belies industry and federal government complaints about the lack of flexibility in the labour market..

Black Friday deals in U.S. expected to lure even more discount-hungry Canadian shoppers this year (www.business.financialpost.com) TORONTO — Last year on Black Friday, Silvana Castronovo was standing in a Best Buy in Buffalo, N.Y., at 4 a.m., watching two people duke it out over an electric toothbrush. “It was kind of funny. The security guards were around them. Everyone was just watching, wondering what they were fighting over,” said the 29-year-old tech worker. “It was an electric toothbrush. They were pulling at it. They both had their hands on it and they wanted it.”

Who’s on the hook for FATCA? (www.advisor.ca) If your head hurts when someone mentions FATCA, you’re not alone. Even the tax and legal experts you’ll hire to help prepare for the new rules are having a hard time, mainly because Uncle Sam and Canada’s Department of Finance have yet to finalize the deal. And FATCA is just the first step in a broader plan to nix tax evasion, explained Jillian Nicolson, Canadian Operational Tax leader at EY, during IFIC’s Operations Day conference in Toronto..

Capitalize on cross-border credit (www.newscanada.com) Every winter, thousands of Canadians head to the U.S. to enjoy the sun, sand and surf and to go shopping. For snowbirds and frequent travelers, having access to credit can help simplify cross-border purchases, giving you more time to enjoy your vacation. “Whether you choose a Canadian or U.S. dollar credit card, using one credit card for all purchases while travelling can be a great way to track and monitor spending,” says Stephen Menon, Associate Vice President, TD Canada Trust. “But before crossing the border, it’s important to understand how each type of card works when making U.S. purchases..

Come back next week 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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Taxation of Canadians in America
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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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