Tuesday, September 29, 2015

Canadian Snow Bird Demise

Some articles about the decline of the canadian dollar and snowbirds.

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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
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Will slumping Canadian economy keep snowbirds away from Florida this winter?

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 
being considered a U.S. resident for tax purposes.
If Canadians overstay their welcome, they risk creating a
 U.S. claim on their 
worldwide income, getting barred from the country for five years
 and losing prized free 
healthcare, according to Dale Walters, the Phoenix-based chief 
executive officer
 of KeatsConnelly, a financial planning firm that specializes in 
cross-border issues.
Even less than 182 days, though, and they still might meet 
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
 in the United States over a three-year period,
 the IRS starts getting interested in them.