Canadian and U.S. Taxes: What Ex-Pats Need to Know
Hosted by the Toronto Expat American Meetup Group
Speaker: Yi Yang, EA, CGA, ACCA
Hosts: Lindsay Brown and guest host Georgina Murphy, Canadian immigration lawyer
As a U.S. citizen living in Canada, are you required to pay Canadian taxes? What about U.S. taxes? Knowing what the taxman requires can be tricky – especially when there are two taxmen! This seminar will help you understand what you’re required to pay or declare and the differences between the two tax systems. It will also help you set up your finances to avoid paying painfully high amounts to one or both governments. Topics include:
1. How residency is determined for tax purposes (i.e., where you need to pay or declare taxes)
2. Important differences between Canadian and U.S. income taxes
3. What assets you need to report
4. How income from Social Security, pension and tax deferral accounts is taxed (tips and strategies for structuring your finances to reduce taxes)
5. What information about you is exchanged between the U.S. and Canada
There will be a Q&A period at the end. The event will be hosted by Georgina Murphy, an American ex-pat and Canadian immigration lawyer.
About the speaker:
Yi Yang is a Certified General Accountant (CGA), an Enrolled Agent (EA) with the IRS, and a member of the UK’s Association of Chartered Certified Accountants (ACCA). He specializes in complex cross-border tax issues between the U.S. and Canada. Prior to starting his own practice, Yi garnered extensive experience from the renowned public accounting firms PricewaterhouseCoopers and BDO.
About the host:
Georgina Murphy (B.A. (Hons.), McGill 2005; LLB, Dalhousie 2010) is a Canadian immigration and refugee lawyer working in private practice in Toronto. Originally from New York, she brings to her practice the first-hand experience of applying for student visas, work permits, permanent residence and citizenship. Georgina’s practice today includes preparing applications for Labour Market Opinions, work visas, spousal sponsorships, citizenship, and numerous other immigration matters. She regularly represents clients before the Immigration and Refugee Board and the Federal Court of Canada.
And After this Preso - PUB NIGHT!!! See you there :)