Serbinski Accounting Firms

Well usually my accountant for Canadian taxes charges about $250/year so that's not too bad since he does a good job. I've been asking around for a us tax accountant in Edmonton or Calgary and the first accounting firm wanted a $15,000 retainer for lawyer fees. Someone at my work also uses a law fir...

[quote="nelsona"]The IRS' "cut" on any Cdn-source income will always be less than CRA's cut, so I wouldn't worry about that.[/quote] I am less worried about my tax forms but more worried about my Company savings plan and my RRSP's. It's all from Canadian Income but I haven't yet ...

[quote="nelsona"]But, really once you get all your tax returns in order, what;s the point of renouncing; you just copy your returns from year to year. oh, there is one advantage, if you have kids that are US citzizens, IRS gives you $1000 per year each, just for filing.[/quote] That's abou...

I have dual citizenship but have lived in Canada my almost whole life.

With these new FBAR penalities I am thinking of just getting my US taxes up to date and then renouncing my US citizenship.

Is there any tax advantages in the future of keeping US citizenship?

I was born in Canada but my Mother is American, about 15 years ago I obtained a US passport and Dual Citizenship (mainly for travelling). I have never worked in the United States, but do I now have to file tax returns in the states? I am worried about my RRSP savings taking a huge hit, as well as pe...