I’m kind of in a strange boat right now where I’m really comfortable in Canada yet I can’t shake this feeling I need to get over to the US of A in order to take advantage of that strong USD. I, like many Canadians, work for an American firm and have a TN visa. Recently, my employer offered to sponsor me for a green card, if I ever choose to relocate to the USA. I can live pretty much anywhere I want as I’m a remote employee, but I do travel to the USA for client work.
It’s a tough decision to make. While I consider it, I thought I’d ask the community. So, say you good lemmings?
The real cheat code is to work for a US company (and get paid in USD), yet live in Canada (and have expenses in CAD).
That’s what I do.
Any issues tax wise? I will be doing that starting in August.
If they pay you through a Canadian subsidiary then it’s no trouble, if you’re paid by the American branch itself you might have to file taxes in the USA along with Canada, I would check with an accountant how your specific situation works because there’s loads of different situations and you don’t know if the person you’re asking is in the same as yours.
It really depends on how you’re paid. I’m paid through a Canadian payroll entity so all taxes are sorted properly with the CRA.
The only thing I’ve got to be aware of tax wise is maintaining my Canadian tax residency… which means being physically on Canada at least 6 months of the year.
Do you get similar promotions?
Yup. There’s no difference in progression up the corporate ladder.
My bro’s VPN stopped working from his Canadian office, and that was his first clue that he was being laid-off from his American company.
I don’t need the added cash and crushing worry. Lagom.