Flip side is you pay on all capital gains, while Canada doesn’t charge on primary residence sales for example. And it makes investing far more complicated if it isn’t in an RRSP (401k equivalent). TFSA’s for example (the other retirement plan type) isn’t included so if you have investments in a TFSA you’re going to pay, including a base fee of ~700$ a year per investment accounts. Also your accountant is likely to cost you at least twice as much since you need to file twice (if not more cause CPAs that are certified in both countries aren’t exactly commonplace).
Flip side is you pay on all capital gains, while Canada doesn’t charge on primary residence sales for example. And it makes investing far more complicated if it isn’t in an RRSP (401k equivalent). TFSA’s for example (the other retirement plan type) isn’t included so if you have investments in a TFSA you’re going to pay, including a base fee of ~700$ a year per investment accounts. Also your accountant is likely to cost you at least twice as much since you need to file twice (if not more cause CPAs that are certified in both countries aren’t exactly commonplace).