Uncategorized

Planning for Americans Citizens in Canada with US IRAs

Planning for Americans Citizens in Canada with US IRAs

Whether it’s Americans who have moved up to Canada, or perhaps US/Canadian dual citizens living in Canada who have received inheritances from US relatives, many Canadian residents have US IRA investment accounts. Individual Retirement Accounts (IRA) are US-based investment and retirement accounts similar to Canadian RRSPs. In this article, we will discuss what options Canadian tax residents have when considering […]

Coronavirus Stimulus Payments and US Tax Filing in 2021

Coronavirus Stimulus Payments and US Tax Filing in 2021

Back in March 2020, the CARES Act mandated a one-off stimulus payment for American individuals to help offset the economic impact of the Coronavirus pandemic. Stimulus payments were worth a maximum of $1,200 per American citizen (so $2,400 for couples filing jointly if both are Americans), and $500 per dependent child. A second stimulus check […]

10 International Health Insurance Tips for American Expats

Health Insurance Tips for Expats

This article was contributed by David Tompkins at Expat Financial. David is an expert in sourcing global health insurance plans for multinationals and individual expats around the globe. Most Americans realize the importance of buying medical insurance in the United States, but what about health insurance when you move abroad? It is unlikely that your […]

How To Celebrate Thanksgiving Abroad in 2020

How To Celebrate Thanksgiving Abroad 2020

Thanksgiving is a time when the thoughts of the nine million Americans who live abroad turn to home, as well as how best to celebrate. With no other country celebrating Thanksgiving (other than Canada, in October, due to an earlier harvest further north), celebrating abroad as an expat presents all sorts of logistical challenges. As […]

What Does the Biden Tax Plan Mean for Expats?

The Biden Tax Plan for Expats

While the election result hasn’t been universally acknowledged and confirmed yet, it seems probable at this stage that Joe Biden will be inaugurated in January as the next US president. All Americans, including those living abroad, are required to file US taxes every year, reporting their global income. Most claim IRS provisions such as the […]

2020 US Election Update for Expats

2020 US Election Update for Expats

With less than three weeks to go until the 2020 election, it’s time to take stock and have a look at the implications of the two outcomes for expats. It’s the strangest election year in living memory and perhaps ever, with the economy rocked by a global pandemic, social unrest across the country, and the […]