The Maple Leaf Lounge

[Avro Arrow]

I can't think of any reason why it would be a negative

I'm not a dual citizen, but the only thing I've heard from others that might be considered a negative, is the higher taxes, as @Owain Taggart mentioned. I don't have a lot of experience in this area, but my understanding is that US taxes based on citizenship, whereas Canada taxes based on residency. So if you were dual and living in the US, you would only need to pay US taxes. But if you were dual and living in Canada, then you'd have to pay both Canadian and US taxes. (Apologies if my understanding is incorrect.)

 

[Marynator]

I am pretty sure there is an agreement between the United States and Canada that American citizens are exempted from being taxed in the US on income that is earned and taxed in Canada. I believe that forms still have to be filed, but I am pretty sure there is not a double tax if taken care of properly!

It would definitely be a good idea to consult a tax professional.

 

[Avro Arrow]

^ Good to know, thank you! (And sorry for the misinformation. )

 

[Owain Taggart]

My Dad had gotten rid of his in the 70's, I believe, and based on a recommendation at the time. Not wanting to be saddled with extra tax without benefits from no longer living there , he thought it was a good idea.

 

[Marc]

I am pretty sure there is an agreement between the United States and Canada that American citizens are exempted from being taxed in the US on income that is earned and taxed in Canada. I believe that forms still have to be filed, but I am pretty sure there is not a double tax if taken care of properly!

It would definitely be a good idea to consult a tax professional.

not working the other way around though.

Snowbirdds (Canadian retries who winter in places like Florida) now can now be subjected to U.S taxes if they spend more than 183 days in the U.S.

http://www.cbc.ca/news/business/taxes/canadian-snowbirds-tax-season-2016-1.3451763

 

[Mary Ann]

My family moved back to Montreal when in 1974, when I was six. Though I was young I well remember Bill 101 coming into enforcement and the first referendum. My father was one of many people in Montreal whose jobs moved out of Quebec, which is why we moved to Toronto in 1982. As I was born in Quebec there was no issue with me continuing to attend English language schools after the PQ came into power, and I actually learned very little French in elementary school (1974 to 1980). For those who know Montreal we lived in Montreal West and my elementary school was in NDG, so very much in English speaking neighbourhoods, at least back then.

 

[Marynator]

not working the other way around though.

Snowbirdds (Canadian retries who winter in places like Florida) now can now be subjected to U.S taxes if they spend more than 183 days in the U.S.

http://www.cbc.ca/news/business/taxes/canadian-snowbirds-tax-season-2016-1.3451763

Of course, if you spend the majority of the year in Florida then your residency status would change and you shouldn't have to pay Canadian tax!

 

[Avro Arrow]

My Dad had gotten rid of his in the 70's, I believe, and based on a recommendation at the time. Not wanting to be saddled with extra tax without benefits from no longer living there , he thought it was a good idea.

That makes sense... I did some Googling, and apparently the tax treaty under discussion was first signed in September 1980.

I do remember stories recently about Americans living in Canada being hit with big penalties from the IRS, but in searching those out now, it looks like it was due to not filing at all, which they have to do.

Then there was this one from about a year ago, where a dual citizen living in Vancouver was fined over a million dollars for failing to report his Canadian bank accounts, even though he did file his taxes as required.

 

[Owain Taggart]

Well, not only that, but if you're trying to build a family, being burdened by extra taxes makes it much harder

 

[Avro Arrow]

I'll never forget the time when my dad and I went grocery shopping and he told he he had a can of bananas in his cart (we each took a cart, started at opposite ends, met in the middle, and sorted out duplications and omissions). That sounded odd, so I had a look... and it turned out to be a can of pineapple slices (if you take a really fast glance, the French word for pineapple does look a bit like "banana" - without the "b").

So speaking of French translations of fruit names... I bought this flavoured fruit sauce the other day:

Sounds dangerous!

 

[Timewalker]

So speaking of French translations of fruit names... I bought this flavoured fruit sauce the other day:

Sounds dangerous!

 

[Mr. Laser Beam]

Pomegranate Grenades...

First shalt thou take out thy Holy Pin...once the number 3 (being the third number be-reached), then lobbest thou the Holy Pomegranate Grenade towards thy foe. Who, being naughty in thy sight, shall eat it.

 

[Owain Taggart]

It's an explosion for your tastebuds!

 

[TEACAKE'S PLEATHER DOME]

It is da bomb

 

[Avro Arrow]

Saw an advertisement for this specialty coin from the Royal Canadian Mint the other day, and thought it looked really nice...

More expensive than I'd ever be able to spend on a coin, so it's not like I'm getting one, but it was impressive nonetheless!

( @Refuge , not sure if you're still following this thread, but based on your avatars, I thought this might be something you'd appreciate.)

 

[Timewalker]

That is one of the most beautiful coins I have ever seen!

How much is it?

 

[Avro Arrow]

That is one of the most beautiful coins I have ever seen!

How much is it?

It's $119.95. I'm not sure if I should link to it directly because of our no-solicitation rules. However, it's from the Nocturnal by Nature series, and it's called The Howling Wolf, so this should be enough to find it on the Mint website, if you're interested.

 

[Timewalker]

That's out of my budget.

 

[Refuge]

Saw an advertisement for this specialty coin from the Royal Canadian Mint the other day, and thought it looked really nice...

More expensive than I'd ever be able to spend on a coin, so it's not like I'm getting one, but it was impressive nonetheless!

( @Refuge , not sure if you're still following this thread, but based on your avatars, I thought this might be something you'd appreciate.)

Oh it's lovely!

 

[cosmic mouse]

Well, I printed out the application for a citizenship certificate. My mom is going to have ot complete some of it since it has to do with my grandparents and some family info that I'm not privy to.