Green Tax Credits Canada
April 30th, 2010
Question: Moving back home to Canada?
I am planning to move back home to Canada after 18 years living in the United States. I only have a green card, I am not a citizen. I have been paying taxes and working my time in the United States. I am going to quit my job and look for a new one when I move up there, I only work in Retail. What do I need to do before I leave about my green card, everything else so I will not have any surprises down the road. My parents still live in the United States and I am going to get my mail delivered there. I do have a IRA and my credit cards will be paid off before I move.
Answer: You can keep your Resident Alien status active indefinitely, by simply coming into the US at least once every 6 months.
You will have to continue to pay US taxes, however. You have to file a non resident return every year, but there is an exemption for foreign income earned – it is about US$80,000 so in all likelihood you would be under that level and won’t have to pay a cent in taxes.
You also have to get a “sailing permit”, to ensure that you are cleared to stay outside the US.
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