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This book will definitely appeal to that segment of the Canadian population that travels south regularly. If you are among those people, consider The Canadian Snowbird in America to be required reading.
Each year, thousands of Canadians shrug off Old Man Winter and head south in search of warm-shouldered days. These people are known as "snowbirds," and their yearly migration brings with it a roster of tax and financial planning challenges. Each time we cross the border and spend a significant amount of time in the U.S., our actions have some pretty complex tax and legal implications in both countries. Wouldn't it be nice if there was a book to help us sort this out? Good news: Now there is.
The Canadian Snowbird in America explains the American tax filing requirements that pertain to those who take up seasonal residency south of our border. What's more, the book covers the relevant U.S. tax issues that pertain to the sale or rental of U.S. real estate and information that you'll find useful if you want to acquire or finance property in the U.S. real estate market.
The book is not exactly edge-of-your-seat reading, but it does take a dry subject matter and distil it down into interesting, practical information that will leave you saying, "I didn't know that!" Poring over the pages of this book, you'll learn valuable tips including the possible implications of opening bank and investment accounts in the U.S., strategies for cross-border retirement planning, and how the fluctuating loonie can affect your adventures southward. (The book is up-to-date enough to talk about the loonie nearing parity with the U.S. dollar!). Do you know what your provincial health plan (such as OHIP) covers when you are in the U.S.? This book reveals that, too.
This book will definitely appeal to that segment of the Canadian population that travels south regularly. If you are among those people, consider The Canadian Snowbird in America to be required reading.
