U.S. Basis of Taxation

U.S. Basis of Taxation


Similar to Canadian Taxation System, the United States taxes residents on worldwide income and non-residents only on U.S. source income. However, the residency determination between Canada and the U.S. is completely different.

Under the U.S. Tax Law, there are following types of individual taxpayers.

  • A U.S. Citizen or green card holder – An person who is a U.S. Citizen or green card holder is considered to be a resident for tax purposes regardless of whether he or she is not actually residing in the United States. 
  • Foreign Alien – Depending on the facts and circumstances, a foreign national will either be a non-resident alien, dual status or full year resident alien.



Spread the Word!

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on reddit
Share on email
Share on whatsapp

Leave a Reply

Scroll to Top