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Yes, it seems you're right. Canada has the higher tax rate, so the USA gives a credit and you are not charged extra on employment income. But the US has higher
by NateyJay 10y ago
Yes, it seems you're right. Canada has the higher tax rate, so the USA gives a credit and you are not charged extra on employment income.
But the US has higher capital gains and estate taxes than Canada, and you may be charged there: http://www.theglobeandmail.com/news/politics/delays-costs-mount-for-canadians-renouncing-us-citizenship/article28688026/ http://www.theglobeandmail.com/news/politics/delays-costs-mo...