Some articles about the decline of the canadian dollar and snowbirds.
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FLORIDA RAN THEM OUT...IS ARIZONA NEXT !!
FLORIDA RAN THEM OUT...IS ARIZONA NEXT !!
Why Canadian snowbirds face more U.S. scrutiny this year — and how to avoid running afoul of rules
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Canadian snowbirds squeezed out of south Florida housing market
Canadian snowbirds squeezed out of south Florida housing market
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Will slumping Canadian economy keep snowbirds away from Florida this winter?
http://www.tampabay.com/news/business/tourism/will-slumping-canadian-economy-keep-snowbirds-away-from-florida-this-winter/2245029
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Falling loonie has some Canadian snowbirds selling
their U.S. homes
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Where to travel with the falling
Canadian dollar
http://www.cbc.ca/news/business/where-to-travel-with-the-falling-canadian-dollar-1.3173121
The magic number is 182 days in a single year. More than that,
and Canadians risk
and Canadians risk
being considered a U.S. resident for tax purposes.
If Canadians overstay their welcome, they risk creating a
U.S. claim on their
U.S. claim on their
worldwide income, getting barred from the country for five years
and losing prized free
and losing prized free
healthcare, according to Dale Walters, the Phoenix-based chief
executive officer
executive officer
of KeatsConnelly, a financial planning firm that specializes in
cross-border issues.
cross-border issues.
Even less than 182 days, though, and they still might meet
what the
what the
U.S. Internal Revenue Service calls its “substantial presence” test.
It is a complicated formula, but if snowbirds spend more
than roughly 120 days per year
than roughly 120 days per year
in the United States over a three-year period,
the IRS starts getting interested in them.