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A Light At The End Of The Tunnel Or Another Oncoming Train: The Possible End Of U.S. Citizenship-Based Taxation

If you are an American citizen residing and doing business in Canada, you bear the pain of the heavy tax burden endured by all U.S. citizens due to the fact that the U.S. is the only major country that imposes worldwide taxation on its citizens no matter whether they live in the U.S. or in another country. In addition, the U.S. imposes significant penalty laden reporting requirements on U.S. citizens living in Canada and abroad.

Change is a possibility.

Did you know that there is a possibility that the U.S. Congress may introduce, debate and vote upon a bill that may ease this worldwide taxation burden on U.S. citizens living and working in Canada? This bill would enact ‘Territorial Taxation for Individuals (TTFI)’. It is a tax cut for 9 million overseas Americans by ending double taxation.

Solomon Yue headshot(1)Solomon Yue, CEO of Republicans Overseas has been involved with drafting the TTFI bill. Mr. Yue, who is currently working with AmChams throughout the world, will present publicly shareable information about the TTFI bill, and discuss its progress as it journeys through the legislative process. He will be encouraging AmCham Canada to lend its support in the global effort to encourage Congress to move forward with this legislation.

Elena Hanson headshot 2(1)Elena Hanson, Managing Director of Hanson Crossborder Tax Inc. and a member of Democrats Abroad. Elena will be speaking on the logistics and burden of U.S. tax filing obligations as an American in Canada.
John Richardson headshot(1)John Richardson, Toronto Lawyer of Citizenship Solutions, will also be joining Elena and Solomon to speak on the lost opportunity cost of being a dual U.S.-Canadian tax filer: Canadian residents who are subject to the U.S. tax system do not have the same financial planning and other opportunities that non-U.S. citizens have.

Date: Thursday, August 16, 2018

Time: 6:15pm to 9:00pm

Place: St. Michael’s College, Alumni Hall, Room 400; 121 St. Joseph Street, Toronto (paid parking near building; nearest subway station is Museum) MAP

Cost: $20 +tax (AmCham members); $35 +tax (non-members).



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4 thoughts on “A Light At The End Of The Tunnel Or Another Oncoming Train: The Possible End Of U.S. Citizenship-Based Taxation

  1. Avatar Pratik Debroy says:

    Hi do I register

  2. Thank you so much for sharing information about this important event in Toronto. The U.S. citizenship-based taxation regime has been in place for about 150 years. For those who don’t believe that change is possible, this may be your answer. Those who are in the Toronto area are urged to attend! For those who can’t attend (I have been told) that a video will be made that can be viewed later.

  3. The event is hosted by the American Chamber of Commerce. Here is the link to registration:

  4. Avatar Patricia Moon says:

    Hi, Just a quick note. The admission fee for non-members has been changed to $20.00

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