Under the right circumstances, you are allowed to become a citizen of both Canada and the United States, simultaneously. Many people enjoy the benefits of dual citizenship, allowing them to to travel back and forth freely, vote, and otherwise take advantage of the rights of citizens in both countries.

Do I have to pay taxes in Canada if I have dual citizenship?

Yes, if you are a citizen or resident alien of the United States, you have a U.S. tax obligation, even if you’re a dual citizen of the U.S. and Canada. The U.S. is one of two countries in the world that taxes based on citizenship, not place of residency. Canadian taxes follow a January to December tax year.

What does it mean to have dual citizenship in Canada?

Dual citizenship means that a person is a citizen of more than one country. Each country usually has a different definition on what it means to be a citizen, as well as how citizenship is achieved and what it means on your taxes. In Canada, a citizen may have citizenship in another country,…

What happens if you dual file in Canada and USA?

While a “dual filer” living in Canada is required to report very little information to the Government of Canada, the USA requires a massive amount of information about Canadian assets to be reported to the IRS on an annual basis. There are severe penalties for the failure to report on these assets.

Can a US citizen be a Canadian citizen?

As a PR of the USA, you would not be considered a Dual Citizen… As I understand it, if you had/have children that were born in the USA, they would have dual citizenship…

Can a Canadian citizen have a second citizenship in another country?

A citizen of Canada will retain Canadian citizenship upon acquiring a second citizenship in another country. In fact, Canadian citizens cannot lose their citizenship unless they voluntarily renounce it via a complicated legal procedure.