Snowbirds Fly the Coop to Escape the Chilly

For so long as reminiscence serves, Canadians of retirement age have been shifting south for the winter to flee the chilly. This group of persons are lovingly known as snowbirds. Regardless of the state of the greenback, Canadians are nonetheless holding to this follow. They’re additionally one of many few teams of “foreigners” who’re being welcomed by the USA. Tourism from Canada spurs job development within the vacation spot cities throughout the US aiding of their financial system. To not point out that Canadians buy 6% of all houses offered in Florida, due to this fact injects practically half a billion {dollars} in property taxes each year.

Almost definitely as a consequence of these elements, the US has tabled a invoice to permit Canadians over the age of 55 to remain for as much as eight months of the yr. Whereas congress desires Canadians to remain longer, the IRS desires to make sure it collects what it may. At present stays of 4 months or much less have allowed Snowbirds to keep up their US tax exempt standing. The brand new components relies on this:

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