Hank
Recycles dryer sheets
- Joined
- Nov 18, 2008
- Messages
- 98
After FIRE I ended up in Canada and generally it has worked out okay. I miss the US but probably won't be returning there.
My dilemma is whether I should get Canadian citizenship which I qualify for and merely have to take the oath. Several things trouble me: The oath is considered an potentially expatriating event as is pledging your allegiance to the King. There is no getting around the oath. I tried.
I know that today, the US says it doesn't matter unless you specifically and overtly do these things as a way of renouncing your citizenship but it seems to me it opens up the possibility that someday Congress could start to enforce these rules. I don't really gain much as an American if I have a Canadian passport. It would be nice to vote but that's about it.
Losing my Canadian citizenship after I gained it wouldn't bother so much but losing my American citizenship would cause a lot of problems since it would trigger the newer Exit Tax and also a distribution tax (30%) on your IRA accounts. Although the possibility is unlikely I could avoid it.
Are there any American's who are in Canada that have gone through this?
Should I become a dual citizen?
Thanks.
My dilemma is whether I should get Canadian citizenship which I qualify for and merely have to take the oath. Several things trouble me: The oath is considered an potentially expatriating event as is pledging your allegiance to the King. There is no getting around the oath. I tried.
I know that today, the US says it doesn't matter unless you specifically and overtly do these things as a way of renouncing your citizenship but it seems to me it opens up the possibility that someday Congress could start to enforce these rules. I don't really gain much as an American if I have a Canadian passport. It would be nice to vote but that's about it.
Losing my Canadian citizenship after I gained it wouldn't bother so much but losing my American citizenship would cause a lot of problems since it would trigger the newer Exit Tax and also a distribution tax (30%) on your IRA accounts. Although the possibility is unlikely I could avoid it.
Are there any American's who are in Canada that have gone through this?
Should I become a dual citizen?
Thanks.