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this post was submitted on 01 Mar 2024
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Also, what they're saying is completely untrue. In most countries you need to report your foreign income and may have to pay taxes on it. I'm a Canadian and we need to report foreign income. We have tax treaties, so taxpayers (generally) aren't double taxed. However, a lot of cross boarder Canadian workers pay less tax in the US than they would at home, so they are required to pay the difference to the CRA.
We have to report it in the US too. It's annoying because one of my wife's mutual funds has foreign stocks and I always have to search for what country it is for the dividend form.