Snowbirds Tax Dilemma: Staying in the U.S. or Mexico Full Time?
Are you a Canadian snowbird who decided to extend your stay in the United States or Mexico? This video dives into the tax implications and residency considerations for Canadian snowbirds who find themselves spending more time abroad than originally planned. Discover the treaty provisions that allow you to be treated as a Canadian resident even while residing in another country, and learn about the tiebreaker tests used to determine your tax residency status. We'll unravel the complex scenario where both Canada and your new country of residence consider you a resident, and how to navigate the tiebreaker rules. Whether you're in the United States, Mexico, or another country, understanding your tax obligations is crucial to ensure a smooth transition and compliance with tax laws.
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