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Home
About Us
My Team
Working With Us
BMO Private Wealth
Insights
My Newsletter
Research and Market Updates
Managing Your Wealth
Podcasts
Links
Learn More
Gateway-Online Access
Managed & Fee Based Programs
Tax Planning
Tax Planning
Tax Free Savings Account
Contact Me
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Home
About Us
My Team
Working With Us
BMO Private Wealth
Insights
My Newsletter
Research and Market Updates
Managing Your Wealth
Podcasts
Links
Learn More
Gateway-Online Access
Managed & Fee Based Programs
Tax Planning
Tax Planning
Tax Free Savings Account
Contact Me
Managing Your Wealth
Canadian Snowbirds and U.S. Income Tax
Although Canadian snowbirds reside in the U.S. for only a part of the year, there is the potential of being considered a U.S. resident and, in turn, having to pay U.S. income tax on the same basis as a permanent U.S. resident. This article outlines how the U.S. government determines whether you are a resident for income tax purposes; namely, it covers the criteria for meeting the Substantial Presence Test, Closer Connection Exception and the Canada U.S. Income Tax Treaty Tie-Breaker Rules.
Canadian Snowbirds and U.S. Income Tax
2024 Year-End Tax Planning Tips
Since many tax strategies require foresight to be effective, tax planning should be a year-round activity. However, as year-end approaches there are still opportunities to consider to reduce your 2024 tax bill. The following information relates to year-end tax-savings strategies that may be available, depending on your personal situation.
2024 Year-End Tax Planning Tips