If im canadian,and i can get duel citizenship bevause of my mom whos from usa,does that mean i pay more taxes?
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If im canadian and my mums an american citizen so i can get duel citizenship ( im under 18) does that mean i pay more taxes/double taxes? Like is itonly if i make 90k?
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Answer:
it makes me sad that you get the chance to have DUAL citizenship, while some of us try for years for the opportunity to move south and you can't even spell dual.
KEVIN G at Yahoo! Answers Visit the source
Other answers
Depends wich country you live if you live in Canada you go by the Canadian Tax Laws and if you live in America you go bye there tax laws? Dual gives you the option to live and work in one or the other
Tiger PAW
In virtually every country in the world, citizenship does not trigger a tax return. Residency does. You pay taxes on your worldwide income to your country of residence. Tax treaties exist between most countries to avoid double taxation. The US is unique in that it requires all its citizens, regardless of residency, to file a tax return. However, if you have no US source income, there is no tax to pay. The US mostly has this rule so they can imposed penalties on the unaware. If you take out US citizenship, be prepared to file a US tax return every year, even if it is a nil return.
Fred S
I don't believe so, you pay taxes based on what state you worked in and where you reside in. So for instance if you worked in New Jersey, but your address is in New York. You would pay both taxes. But if you live and work in New York then you would only pay New York taxes.
Linds
DUAL, and no way to know, but usually not.
David14
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