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Buckarhu3166

Newbie
Jul 28, 2014
1
0
Hi All,

Does anyone know what the PR and tax implications of this would be?
My wife and I both live and work in Surrey and are considering purchasing a home in Birch Bay.

Any info would be appreciated.

P.S. We are both US Citizens with PR in Canada.
 
Legally, there is nothing stopping you from doing this and you will meet the RO if you both continue to work in BC because any part of a day spent in Canada counts as a full day towards the RO.

For the taxes, you will be taxed in Canada because your income is in Canada. As a US citizen and resident, you are also obligated to file taxes in the US. There is however a tax treaty so you will not be hit with double the amount. I suggest you see a tax advisor for further advise on that.
 
It also really depends on the amount of money you make. Of course, both of you being PR's and US citizens you are already aware of the tax nonsense anyway. The only thing I can see as being a potential obstacle would be providing an address and proof when it comes time to renew your PR cards. I can see CIC having a veritable hissy fit about you two living in the US and transiting across the border each day to work and somehow making your life miserable to get your cards renewed.