Today, we are going to share with you important points about tax obligations in Canada and America for children who are born in these countries.
The main difference is that when a child turns 18, being born in America, they will have to file taxes for life, no matter where they live. Whereas in Canada, although the child may be a citizen of Canada, they do not have to file taxes until they earn income in Canada or become a permanent resident.
In addition, we are ready to help those who are interested in investing in Canada by buying real estate or starting a business. Canada has excellent opportunities for children who were born here and their parents to invest in real estate, businesses, and to register a company as a legal entity.
If you need more detailed information, you are always welcome.
