Friday, April 12, 2013

Obamacare Might Hit Canadian Pensions

A little-known provision of the Patient Protection and Affordable Care Act —better known among friends and foes as Obamacare—came into effect on Jan. 1 that imposes a new tax on net investment income for U.S. citizens and residents. Even more unbeknownst to those potentially affected, the tax might hit Canadians in the U.S. and Americans who receive Canadian pension income. LINK...
Taxation without representation, anyone? Uncle Sam wants it ALL!   BK