KeatsConnelly Cross-Border Weekly Best of the Web 2015-1-2

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 variety of topics beginning with news on obtaining Canadian citizenship, then moving to a reminder as another tax season begins, and finishing with a piece on the impact of falling gas prices.

Canadian Citizenship Fees Go Up For Second Time In A Year (www.huffingtonpost.ca) – OTTAWA – Resolving to become a Canadian citizen in 2015? It’s going to be more expensive. For the second time in a year, the Conservative government has hiked the fee it charges to make someone a citizen. The new price for processing citizenship documents has been set at $530 as of Jan. 1, up from the formerly new price set last February of $300…

Review foreign asset reporting (http://www.financialpost.com/) – Year end is a great time to get ready for tax season, and tax and financial advisors can be worth their weight in gold by re-engaging their clients on important financial decision-making at this time of year. This is especially true if you hold assets outside of Canada, because the rules around reporting them have recently changed. For the 2014 tax year, therefore, the usual discussions around savings for TFSAs, RRSPs, RESPs should also include preparations for a summation of the value of assets not only in Canada, but also of assets held anywhere around the world…

Falling Gas Prices May Save Your Family How Much in 2015? (http://www.nbcnews.com/) – We aren’t feeling quite so hosed at the gas pump lately, and Tuesday federal experts pinpointed just how much falling fuel prices will save the average American family in 2015: $550. That extra cash is the difference between projected gasoline spending in average U.S. households next year versus what families have typically shelled out during 2014, reports the U.S. Energy Information Administration (EIA), a statistical arm of the U.S. Department of Energy…

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.
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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