Question:   I am a U.S. citizen. If I move to Canada to live and work there as a Canadian permanent resident, do I pay both U.S. and Canadian Taxes?

Answer:   United States citizens living abroad:

• Are required to file annual U.S. income tax returns.
• Must report their worldwide income if they meet the minimum income filing requirements for their filing status and age.
• Must contact the Canadian Government to determine whether you must file a Canadian tax return and pay Canadian taxes.
• Will have the option to exclude some or all of your foreign earned income or to claim a foreign tax credit if Canadian taxes must be paid.