I am moving to US in Feb 2022 on CR1. I am a Canadian Permanent Resident. I understand that I am authorised to work in the US remotely for my Canadian employer. I will no longer have a residence in Canada or any investments here. I will be residing in New Hampshire and will be working from home there.
I wanted to confirm what my tax implications would be. If you are familiar with US/ Canada taxation, please help to confirm/ correct my understanding of the following:
1. I would remain a Canadian tax resident, and need to pay income tax to both the province where my company is based and the federal Govt of Canada.
2. I would have to pay US federal income tax. However it would only be the difference between the taxes paid in Canada, if any. In other words I can avoid double taxation, because the Canadian tax is generally higher than the US.
3. Question - When filing taxes in the US, would there be any benefit of filing taxes married filing separately over married filing jointly ? What are the pros and cons of both in my scenario.
If anyone has any resources to share, that would be appreciated. I couldn t find much literature online about my scenario
Thanks very much for reading, and I hope someone has advice for me