Canadians who spend extended periods of time in the United States should familiarize themselves with the Entry Exit Initiative, a new information-sharing agreement between Canada and the US, which allows officials to track how many days Canadians spend in the US.
BC Southern Interior MP, Alex Atamanenko, is warning Canadians that if they are not careful they could risk losing their Canadian residency and healthcare and be considered a US resident, subject to paying taxes on their worldwide income. Further, they could be deemed to be illegally in the US and face being banned from the country for three to 10 years.
While there have been no changes to either US tax or residency regulations, the updated Entry Exit Initiative does allow officials to record exit and re-entry dates. Previously, only entry dates could be tracked by the US.