According to CBC News reports, many Americans living in Canada have abandoned US citizenship and quote financial and political motives.
Lawyers specializing in expatriates have reported significant increase in surveys since Donald Trump was re -elected to the US President in November and has been reinforced since the recorded year of 2025 was re -elected. Masu.
According to CBC News, the tendency to cut off the relationship with US citizens has been increasing since 2014, when the Foreign Accounting Tax Compliance Law (FATCA) was completely effective. FATCA requires foreign financial institutions to report on foreign assets for US account holders, and create complicated tax claims to US citizens abroad.
Alexander Marino, the director of the US Moodies Tax Law of Moody Tax Law, explained that tax compliance burden and real estate tax were the main reasons for abandonment. However, political factors play a role in growing. “For many people, the election result is a little straw that broke the camel’s back,” said Marino that CBC News had rapidly increased his interest in abandonment after re -election of Trump.
One of the famous examples is Douglas Cowgil, a former dual citizen from Wisconsin, currently based in British Colombia. According to CBC News, Cowgill officially abandoned his US citizenship in 2023 and quoted long -term financial and personal motives.
“I had to look at it from the perspective of me for 20 to 30 years in the future, and it’s definitely a life in Canada,” said Kaugill. He moved to Canada in 2012, became a double citizen in 2019, and decided to abandon it during a pandemic when a visit across the border with Canadian wives became challenging.
Kaugil also pointed out that political dissatisfaction would driven to abandon many expatriates. “They are seeing the United States going in a direction they are not satisfied,” he added.
Abandoning is not a simple process. The applicant must apply for immigration, submit tax compliance, and an official interview at the US Embassy or Consulate. The $ 2,350 US management fee and the potential exit tax will further make decisions.
Lawyers like Cowgill and Marino have seen the business boom. According to CBC News, Cowgill’s company, Border Visas, reported on almost overdue of monthly inquiries by late 2023. Similarly, the Moodys Tax Law plans to meet the increase in demand in order to increase the abandoned Webinar from 7 to 12 in 2025.
The number of residents expected to increase rapidly
The U.S. Federal registration book has published a quarterly list of individuals who abandon citizenship. After Trump’s first election in 2016, numbers rose rapidly, rising to about 6,900 in 2017 to about 4,100 names of the year. This has increased by more than 50 %.
In 2022, the expatriates were soaked in 5,500, but Marino expects 2025 to surpass the previous record. CBC News believes that this increase is due to political polarization and financial burden, especially among US foreigners on the left in Canada.
