KeatsConnelly Cross-Border Weekly Best of the Web 2016-2-12

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 on what people actually pay in income taxes in the United States, an article providing assistance in determining the cost of long-term care, and finally a review of travel medical insurance.

How much do you pay in taxes? ( – Some presidential candidates claim the rich pay a lower rate than many middle-class workers or that the poor pay nothing. But on average neither is true, at least when measuring effective tax rates – the percent of one’s total income paid in federal taxes. Here are estimated average effective tax rates for 2015…

Find out: Have you saved enough to stay in a long-term care facility? ( – Canadians are living longer and as we age, we require more hands-on care and medical attention. That can include staying at a long-term care facility, a place that offers seniors 24-hour nursing and personal care. For many Canadian families, the long-term care system represents a “safety net” should they become unable to care for themselves or a loved one. But staying in such a facility, despite being subsidized by the government, is generally not free. Accounting for the cost of long-term care can be an important part of retirement planning…

Snowbirds buying travel medical insurance face coverage confusion ( – A long-time snowbird, Norm Ullock has watched his travel medical insurance premiums trend upward over the past 20 years. “The premiums go up because I’m getting older,” Mr. Ullock says. “The minute I turned 60, the premiums tripled.” Mr. Ullock accepts this reality. “It’s part of the cost of travel,” says the 70-year-old Toronto resident who visits Florida annually. His confidence in the product itself, however, is shaky: “If I buy insurance, I want to know I’m covered, and I’m never really sure I am…

Come back in 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
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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