![John Richardson, capital gains tax, principal residence](https://www.taxconnections.com/taxblog/wp-content/uploads/J-R-6.14-27.png?resize=90%2C90&ssl=1)
The price of Toronto real estate continues its upward trajectory. This morning I met with yet another (who could have known) Canadian resident who wishes to renounce U.S. citizenship. This person is completely compliant with his U.S. tax obligations. He is renouncing for a very common reason.
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