Complex Tax Accounting: Navigating U.S.-Canada Taxation for U.S. Citizens
As a U.S. citizen living in Canada, international tax accounting can be complex, especially when it comes to managing taxes in two countries. Both Canada and the U.S. tax their residents on worldwide income, but thanks to the U.S.-Canada Tax Treaty, you can avoid being taxed twice on the same income. However, navigating this process requires understanding…