This answer is wrong. As Seym wrote, both the U.S. and Canada allow dual citizenship, so your child can get Canadian citizenship while keeping her U.S. citizenship. The only way for your child to lose U.S. citizenship is by renouncing it, but she would have to be at least 16, and most likely 18, to do so. See: https://hodgen.com/its-hard-for-minors-to-expatriate/As per US Immigration rule... she will loose US citizenship if she take anyother citizenship.. US only allow you to be dual citizen ONLY if you get US citizenship by naturalization and your country (where your born) allow you to have dual citizenship.
Could not be more wrong.As per US Immigration rule... she will loose US citizenship if she take anyother citizenship.. US only allow you to be dual citizen ONLY if you get US citizenship by naturalization and your country (where your born) allow you to have dual citizenship.
As others mentioned, this is incorrect. I am living proof. I was born in the US, hence have US citizenship. I immigrated to Canada and became a Canadian via naturalization. Now I am a dual citizenAs per US Immigration rule... she will loose US citizenship if she take anyother citizenship.. US only allow you to be dual citizen ONLY if you get US citizenship by naturalization and your country (where your born) allow you to have dual citizenship.
Yes I cannot agree more. To the OP - If you don't think you child will ever live or pursue opportunities in the USA, then you may want to consider having your child renounce US citizenship when she can. It is a major burden to deal with US taxation for for their expats abroad.The downside, however, is that once your child starts earning a certain amount of money, she will have to file a U.S. income tax return each year, even if living in Canada. (There is a tax treaty to prevent double taxation in most cases.) In addition, there are numerous U.S. tax rules that will affect your child's everyday financial life, such as having a savings or chequing account, investing money, etc.
Yeah for kids it's best for them decide for themselves, when they're old enough. They don't have to file US taxes anyway.I'll add my 2 cents- I moved to Canada from the US, recently got my Canadian citizenship and am planning on renouncing my US Citizenship. As other posters have said, you absolutely can have both citizenships. In my case, I find the burden of filing taxes in the US to be incredibly cumbersome, intrusive and costly. Add in that I have absolutely no intention of ever living in the US again, I don't see any reason to hold on to it. But, your daughter is 10, if she ever wants to live/work in the US, having the citizenship will make things much easier for her.
not only that, but CBP tends to have a dim view of renounced citizens. They can hassle you at the border in a number of ways.Iif she ever wants to live/work in the US, having the citizenship will make things much easier for her.
Hopefully, you didn't leave an IRA behind. If so, once you renounce, 30% (or possibly 15%...discussion here: http://www.advisor.ca/tax/tax-news/the-true-withholding-tax-for-u-s-retirement-accounts-213037) of withdrawals will be withheld and you'll have to file a U.S. return anyway to claim a refund.I'll add my 2 cents- I moved to Canada from the US, recently got my Canadian citizenship and am planning on renouncing my US Citizenship. As other posters have said, you absolutely can have both citizenships. In my case, I find the burden of filing taxes in the US to be incredibly cumbersome, intrusive and costly. Add in that I have absolutely no intention of ever living in the US again, I don't see any reason to hold on to it. But, your daughter is 10, if she ever wants to live/work in the US, having the citizenship will make things much easier for her.
Thankfully I took advantage of the weak Canadian dollar early last year and closed out all my US accounts- IRA, 401K, etc. The early withdrawal tax penalty was painful, but I made everything 'back' on the currency exchange. Now everything is in an RRSP and all that's left to do is hand over the passport.Hopefully, you didn't leave an IRA behind. If so, once you renounce, 30% (or possibly 15%...discussion here: http://www.advisor.ca/tax/tax-news/the-true-withholding-tax-for-u-s-retirement-accounts-213037) of withdrawals will be withheld and you'll have to file a U.S. return anyway to claim a refund.