An American in Paris (Ontario) with Julia Chung

We’re delighted to be joined this week by Julia Chung, CFP extraordinaire at JYC Financial, cross-border planning enthusiast, and all-round cool person. 

In this episode we start with a rousing game of Financial False Equivalents (spoiler alert: the IRS is always the IRS), and then start peppering Julia with questions, including:

• The difference between residency and citizenship for Americans in Canada (and who decides which applies)
• What you should do if this is the first you’ve heard of having to file taxes even if you don’t live in the US anymore
• What happens if you’ve contributed to Social Security and the Canada Pension Plan, 
• Whether Americans in Canada can own TFSAs (and whether they should, which might be a difference question)
• Why Sandi is going to get her kids to fill out a US tax return before applying for their citizenship

And – just like every episode – we take a few minutes to talk about the interesting stuff we read, watched or thought about this week.