Comments on this excellent article here and there at Isaac Brock, so will heed “JC” request to post:
The Canadian-US tax treaty covers all aspects of taxation between the two countries. The current treaty cedes Canadian sovereignty to the U.S. and permission to double tax by not specifying exemptions such as for retirement accounts, the family home, life insurance, mutual funds, outrageous noncompliance penalties for Canadian tax residents, etc.
Everyone: there is a highly relevant new article here in regards to the injustice that has not had sufficient attention on this website: WSJ, David Kuenzi: American Expats Tax Nghtmare.
Or, if you have cannot access, the article is here
Note: David Kuenzi, Certified Financial Planner,® Founder, Thun Financial Advisors, Madison, WI spoke at the May 2, 2014 Toronto Forum Debate on CBT vs RBT (we’re still awaiting an ACA video of this forum).