My name is Shannon Boschy, I’m a certified Financial Planner. I work with successful professionals and business owners who are US Citizens living in Canada. The issues are complex and no one wants to make a mistake when it comes to IRS, I’ve interviewed many professionals who are experts on the area and here is what some of them have to say: Jean Schnob: It’s a simple way to avoid US Tax compliance, the only problem is that the IRS has thought of that as well and essentially, they’ve introduced… well not introduced, it’s been around for long, but there is an expatriation tax so essentially someone wanting to give up your US Citizenship or green card and wanting and being able to do it if quite a different story because not wanting to pay US Taxes, not wanting comply with US Tax Law is not a valid reason to give up your citizenship so they have to approve the relinquishing of your Citizenship or Green Card and if they do approve it, that’s not the final step. The final step is that there will be an expatriation tax and you’re basically going to pay tax on all of the assets that you’ve accumulated or all of the increase value of the assets that you accumulated at the time that you became an expatriory or no longer a US Citizen. It sound easy but it’s fairly complicated and it can be costly depending on the size of your estate or of the items that you have accumulated over time. Shannon Boschy BFA, CFP Financial Consultant Investors Group Financial Service Inc. shannonboschy.com shannon.boschy@investorsgroup.com (819) 243-6497

3. “I’m a certified
financial planner. I
work with successful
professionals and
business owners
who are U.S citizens
living in Canada.”

4. “The issues are
complex and no
one wants to
make a mistake
when it comes to
the IRS.”

6. “The IRS has thought
of that…there is an
expatriation tax.”

7. “Not wanting to pay
U.S. taxes, not wanting
comply with U.S. Tax
Law is not a valid
reason to give up your
citizenship.”

8. “They have to approve the
relinquishing of your
Citizenship or Green
Card… and the final step
is an expatriation tax”
~ Jean Schnob

9. “You’re basically going to pay
tax on…the increased value
of the assets that you
accumulated at the time that
you became an non-U.S.
Citizen.”
~ Jean Schnob

10. “It sound easy but it’s fairly
complicated and it can be
costly depending on the
size of your estate or of the
items that you have
accumulated.”