KeatsConnelly Cross-Border Weekly Best of the Web 2014-6-13

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 articles include a piece from The Globe and Mail on economic inequality in Canada, an interesting dive into how to improve financial thinking from Forbes, and finally a piece from our own blog covering an important new offering available from U.S. Customs and Border Protection.

OECD report highlights Canadian inequality (http://www.theglobeandmail.com/) – Canada is becoming a country of growing inequality – in housing, wealth and between the oil-rich West and the rest of the nation. That is the sobering conclusion of a massive report on the Canadian economy released Wednesday by the Paris-based Organization for Economic Co-operation and Development. The report raises a series of red flags for Canada, highlighted by home prices and rents that are increasingly out of reach for too many Canadians, particularly in Vancouver and Toronto.

Can Circular Reasoning Make You Rich? (http://www.forbes.com/) – Americans are notoriously bad at saving money. While people in Germany, Sweden and even France save about 10% of the money they make, folks in the U.S. save closer to 3 or 4% of their earnings. With so little money saved, Americans face difficulty absorbing economic shocks like recessions and layoffs, and also find themselves with too little money in the bank when they retire. What will it take to get Americans to save more money? According to a study in Psychological Science, it will require a shift in our thinking; but to which way of thinking.

Urgent: Check Your Border Crossing Records (http://www.keatsconnelly.com/) – In a welcome development for those living (or hoping to live) a cross-border lifestyle, U.S. Customs and Border Protection (CBP) has made live an online database to Canadian visitors listing every entry into and exit from the United States on record in the past five years. KeatsConnelly has long held out hope that the Department of Homeland Security would make available such a database. That it has come to fruition is wonderful news, and also requires that frequent visitors to the U.S. and those hoping to immigrate to the country take some actions.

Come back next week 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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