My taxation issues in the USA ...

benny55 · #1 (**permalink**) 7th March 2008, 11:34 PM

I own foreign companies in Switzerland and Russia. I am a Canadian. I am thinking about moving to the United States. I will not be working. Would I have to pay USA taxes if I stayed year round in Florida? How long could I stay in the USA? Would I need a VISA?

Bevdeforges · #2 (**permalink**) 7th March 2008, 11:48 PM

If you are resident in the US, your worldwide income will be subject to US income taxes. Your foreign companies won't be subject to US taxation, but the income you derive from them will be - depending on how you take it (i.e. salary, dividends, investment income).

To stay year round in Florida, you will need a visa. For more information, UnitedStatesVisas.gov Homepage or consult the US Consulate in Canada.
Cheers,
Bev

benny55 · #3 (**permalink**) 7th March 2008, 11:52 PM

I need a visa to visit the USA? I am a Canadian - you sure?

Bevdeforges · #4 (**permalink**) 8th March 2008, 02:27 AM

You don't need a visa to visit - for up to 180 days. But to stay longer than that, you need a visa. You said you wanted to stay year-round in Florida. For that you need a visa.

Take a look at this website for more information: AMCITS • Canadian Citizens • U.S. Consular Services in Canada

Cheers,
Bev