Starting this summer, I’ve had a few visits from constituents who might be affected by U.S. tax rules.
 
They were mostly Canadians who were born in the U.S. or dual citizens who now reside in Canada.

In most cases, these individuals did not owe the U.S. government a penny in taxes. Yet, the IRS wanted them to fork out $10,000/year in penalties for not filing tax forms.

After pressure from the Government of Canada, the U.S. government now appears ready to provide some relief.

Even though the terms have to be finalized, the U.S. government will probably waive penalties in cases where one doesn’t owe any taxes.

If you are a dual citizen (Canada-U.S.), contact our office and also, find a tax professional you can work with on this issue.  You should be okay, but now is the time to find out, before new tax penalties are levied by the IRS (years into the future).

I’m Brad Trost, your Member of Parliament in Saskatoon-Humboldt. You can call my office in Saskatoon at 975-6133 or drop by our two offices to visit: Saskatoon Monday-Friday or Humboldt Tuesday and Wednesday. I always appreciate your feedback.