Category Archives: Permanent resident of Canada

Thinking about getting a #Greencard? The first question is: Do you want @PermResidentUSA status?

A move to another country is a very significant life decision. A “Green Card” is actually a “permanent resident” immigrant visa. A U.S. “permanent resident” visa comes with significant opportunities and significant responsibilities.
Permanent resident visa for immigration purposes: The visa is valid for immigration purposes only as long as the person retains the subjective intent to live permanently in the United States.
Permanent resident visa for tax purposes: Under United States law, one’s status for immigration purposes is different from one’s status for tax purposes. Generally the rules for “tax residence” are found in Internal Revenue Code Sec. 7701(b).
What follows is my answer on Quora that considers the “benefits and burdens” of the Green Card. I suggest that you read all answers to this question.
Read John Richardson's answer to What are the benefits of getting a "green card"? How has your life changed after being a green card holder? on Quora
But, wait! There’s more. If you have the Green Card for 8 years or more, you can’t leave the United States without being subject to the S. 877A Exit Taxes.
Read John Richardson's answer to Must one pay U.S. exit tax on foreign assets? on Quora

This article doesn't even mention the punitive taxation of foreign assets: "How Canada is recruiting more top talent through immigration than the USA"

Interesting article on why immigrants may find Canada to be a more attractive destination

"For decades, the United States was a destination country for talent migration. In the last two years, however, Canada…

Posted by Envoy Global on Monday, August 27, 2018

But, Canada may have tax advantages too

Global Entry, NEXUS and the effect of renouncing US citizenship

This is another post in what is becoming a series about “travel documents” for U.S. and Canadian citizens and permanent residents. To travel the world you need to be able to get easy access to and from different countries. “Travel documents” are required. Travel documents include (but are not limited to): passports, permanent resident cards, Global Entry cards and NEXUS cards. Different rules may apply in different contexts (are you traveling by air, land or sea)? My previous posts about “travel documents” have been:
Canadian citizens and permanent residents of Canada
Travel Documents: Canadian citizens need either a U.S. or Canadian passport to enter Canada by air (or by land)
Why would someone renounce their “permanent resident of Canada” status?
Law permanent residents of the United States AKA “Green Card” holders
What’s a #GreenCard anyway? It’s NOT what you don’t know. It’s what you know that isn’t true!
Although a “reentry permit” can provide evidence of intention to reside permanently in the USA, it does ask about tax returns!
This post focuses on the NEXUS program (in the context of the U.S “Global Entry Program”).
I encourage you to visit the U.S. Government “Global Entry” page. You will be amazed at how broad these programs actually are.
Introduction
A common question (I have been asked this many times) for Canadians renouncing U.S. citizenship:
How will my renunciation affect my NEXUS card?
I provided the following “Readers Digest” answer on Quora. But I thought I would provide a broader answer in this post.
Read John Richardson's answer to Can you still qualify for a Nexus card if you renounce your US citizenship after becoming a naturalized Canadian citizen? on Quora
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