A proposed travel law going through the U.S. Senate right now could have serious tax consequences for Canadian snowbirds.
The good news is that the act would allow Canadian retirees to spend up to eight months a year in the U.S. without a visa.
That’s almost two months longer than the current limit.
The bad news is that snowbirds who spend that long in the U.S. may be required to pay U.S. taxes.
The changes are part of the controversial new U.S. immigration reform bill.
The Canadian Snowbird Association estimates that there are over half a million Canadians that spend the winter in Florida each year.