Sunday, March 1, 2015

Why Canada's Snowbirds are Under U.S. Scrutiny

by MSN Money

Canadians who normally head south of their border for warmer weather are keeping closer track of their time in the United States because if they stay too long, they could lose their Canadian health benefits and might owe U.S. income tax.
Just last year, the two countries implemented an agreement to scan passports and share the information, meaning that, unlike in past years, America's tax authorities now know exactly how long snowbirds are spending in warmer climes like Florida, California and Arizona.
And that has many worried Canadians monitoring their stay on American soil.