KeatsConnelly Cross-Border Weekly Best of the Web 2015-2-27

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 wide mix of cross-border news. We begin with a piece comparing benefits of retiring in Canada and the US, then move to an article on Canadians finding their way to the Phoenix area including quotes from Bob Keats, and then we finish with an article reviewing issues for Canadian snowbirds to remain aware of.

Canada vs. the U.S.: Whose retirement grass is greener? (www.financialpost.com)  – Nobody gets to choose the country of their birth. But if it were possible to pick either Canada or the United States, I’d advise incarnating souls that while the U.S. is a better place to become truly wealthy, Canada is superior for those who will have limited financial prospects or encounter costly health issues. Although the U.S. and Canada have similar financial structures, political attitudes to the creation and redistribution of wealth are dramatically different across the 49th parallel, which can affect retirement income…

Phoenix area attracting more Canadian residents, businesses (http://www.azcentral.com/) – Jerry and Katherine Hanna searched more than a decade for a place to build a second home away from the freezing cold of their Edmonton, Alberta, suburb. They considered Florida, “but when we were there, they got hit with Hurricane Charley,” Jerry said. In addition, it took several flights to get there. They considered an oceanfront home in Mexico, but they would have to lease the property, unless they moved inland. Palm Springs was “beautiful and perfect,” they thought, but it lacked the amenities they sought. And it went on like that, until they focused on Arizona…

Why Canadian snowbirds face more U.S. scrutiny this year – and how to avoid running afoul of rules (http://www.financialpost.com/) – NEW YORK — 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. And that has many worried Canadians monitoring their stay on American soil…

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

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Cross-Border Series
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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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