Proposed U.S. law could be a Snowbird tax timebomb

“The good news is that the JOLT Act, (Jobs Originated through Launching Travel), would allow Canadian retirees to spend up to eight months, or 240 days, each year in the U.S. without a visa. That’s almost two months longer than the current 182-day annual limit. The bad news is that snowbirds who spend that long in the U.S. may be required to pay U.S. taxes. ‘It looks like a great deal. I can be in Palm Springs for 240 days., but they didn’t tell you that it comes with a very high tax cost,’ Roy Berg, international tax lawyer at Moodys Gartner Tax Law in Calgary, said in an interview.”

http://www.thestar.com/business/personal_finance/retirement/2013/05/31/us_law_could_be_a_snowbird_tax_timebomb.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin