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Investment trouble brewing for U.S. dual citizens living in Canada

Martin Pelletier | July 28, 2014 11:06 AM ET
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Americans who own Canadian mutual funds or ETFs in a non-registered portfolio now face serious tax risks under the U.S. crackdown.

The weather, fresh mountain air and scenery were amazing on a recent family vacation to Whitefish, Mont., but there were some surprising differences that caused us a bit of trouble. For one, we learned that bringing our family dog on a hike in Glacier National Park is not allowed, unlike in Canadian national parks.
But there’s bigger trouble ahead for the one million Americans or dual citizens residing in Canada.