Thousands of Canadian residents forced to pay income tax in both Canada and the United States could be about to get some respite. "This common-sense bill takes a huge step towards ending the outdated, backwards policy of double-taxation of American citizens living abroad." Even under Holding's bill, U.S. citizens living in Canada would still have to pay tax on any income from U.S. sources. Holding's bill, if it passes, could make life easier for many Canadian residents with U.S. citizenship in the future. (Chris Wattie/Reuters)In August, Finance Minister Bill Morneau told reporters that the Canadian government had raised the issue of the impact the retroactive repatriation tax was having on Canadian residents.

Source: CBC News December 23, 2018 09:00 UTC