hello i am new to this message board and i hope to get some good insight from all of you guys
i am currently a 19 year old canadian student athlete going to school in the united states and next year i will be a professional athlete in my respective sport. i know i will become a US permanent resident since that is where the majority of games will be played in the 10 month period. I contacted the IRS to question them about us/canada treaties as it pertains to taxes but
it became so complicated i decided to look for info that i might understand better.
I am a canadian citizen that will become a u.s permanent resident (because of work and residency) , personally i will probably eventually apply for a us citizenship.
i was wondering do any of you guys know how i could go about avoiding double taxation ?
i think i read somewhere that i was supposed to contact the canadian government and tell them that i am cutting all ties but i am sure there is alot more to it
any insight would be helpful , thanks
tax question for canadian going to work and live in us
Moderator: Mark T Serbinski CA CPA
First things first.
You remain a Cdn tax resident while you are at school.
Once you begin your career, your immigraation status will be determined by your sponsor (either your league or your team), it may or may not lead to permanent residency, it's not automatic. But if you live in US legally, you will not have to pay Cdn tax on your world income
BUT, you will pay texes in every state/province that you play in regardless of where you live, so you may need to have a highly paid accountant to take care of your taxes.
You remain a Cdn tax resident while you are at school.
Once you begin your career, your immigraation status will be determined by your sponsor (either your league or your team), it may or may not lead to permanent residency, it's not automatic. But if you live in US legally, you will not have to pay Cdn tax on your world income
BUT, you will pay texes in every state/province that you play in regardless of where you live, so you may need to have a highly paid accountant to take care of your taxes.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best