Weekly Tax Tips
U.S. Tax Issues for Canadians
14 May 2010
If you own rental property in the U.S. or spend extended periods of time there, you may be subject to U.S. income tax filing requirements. And even though you may have no U.S. tax to pay, penalties can apply if filing requirements are not met. Read our updated tax bulletin titled U.S. Tax Issues for Canadians to gain an understanding of how the U.S. rules work in these situations, and the penalties that could apply if you do not comply with your U.S. filing requirements.
This tax tip is a publication of BDO Canada LLP on developments in the area of taxation. This material is general in nature and should not be relied upon to replace the requirement for specific professional advice. The information in this tax tip is current as of 14 May 2010.
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