KeatsConnelly Cross-Border Weekly Best of the Web 2015-2-13

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 we offer another eclectic mix of cross border links ranging from an interesting video on the history of Canada’s flag as we approach its 50th anniversary to various U.S. Social Security tips to issues Canadian snowbirds face and finishing with potential US capital gain taxes American expats should be aware of.

A history of Canada’s flag, as the Maple Leaf turns 50 [VIDEO] (http://www.theglobeandmail.com/)  – The red and white Maple Leaf flag has become a well-loved Canadian emblem, but it wasn’t always that way. As the flag turns 50 this Sunday, take a look at its sometimes contentious history…

U.S. Social Security Tips for Expats & Non-Resident Alien Spouses (http://www.wsj.com/) – Navigating the rules of U.S. Social Security benefits is complicated for any U.S. citizen, but it’s even more complex for U.S. citizens living abroad with Non-Resident Alien (not living in the U.S. and not a U.S. citizen) spouses. We are often asked two questions in these cases. First, as an American living overseas can I still receive Social Security benefits? Second, does my NRA spouse qualify to receive either Social Security spousal benefits (one-half of your benefit paid while you are alive) or survivor benefits (your full benefit paid after you die) based on my work history? The answer to the first question is pretty straight forward. If you are a U.S. citizen or green card holder living outside the U.S., you can receive your Social Security payment as long as…

Why Canada’s snowbirds are under U.S. scrutiny (http://www.theglobeandmail.com/) – Canadians who normally head south of their border for warmer weather are keeping closer track of their time in the United States because if they stay too long, they could lose their Canadian health benefits and might owe U.S. income tax. Just last year, the two countries implemented an agreement to scan passports and share the information, meaning that – unlike past years – America’s tax authorities now know exactly how long snowbirds are spending in warmer climes like Florida, California and Arizona…

American expats in Canada who sell their house might faces IRS taxes (http://www.theglobeandmail.com/) – Americans residing in Canada may not realize the extent to which the U.S. government’s tax-filing rules for non-resident citizens hit home. There’s been a lot of attention in recent years on how U.S. citizens in Canada are being targeted by the Internal Revenue Service. Lost in all the commotion is a little known, long-standing rule concerning houses: If Americans living in Canada sell a house for a gain of more than $250,000 (U.S.) per taxpayer, they must pay capital gains tax on it…

 

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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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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