Trump bump: U.S. citizenship renunciation inquiries surge in Canada, lawyers say
- Inquiries about renouncing U.S. Citizenship have surged in Canada since the election of U.S. President Donald Trump, with monthly inquiries nearly doubling in December 2023, according to Cowgill, a lawyer with Cross Border Visas.
- Alexander Marino, Director of U.S. Tax Law at Moodys Tax Law, stated that most individuals renounce U.S. Citizenship for tax reasons, as the U.S. Taxes based on citizenship, not residency.
- The process of renouncing U.S. Citizenship is complex and requires immigration filings, tax compliance submissions, and a fee of US$2,350 to obtain a certificate of loss of nationality, as noted in the report.
- The wait time for interviews in Canada has increased significantly, with the queue reaching up to 12 months in 2023, according to Cowgill.
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Total News Sources0
Leaning Left18Leaning Right0Center7Last UpdatedBias Distribution72% Left
Bias Distribution
- 72% of the sources lean Left
L 72%
C 28%
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