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[Music] today were going to talk about tax residency specifically between Canada and the US and where your resident determines who gets a tax you on your worldwide income for tax purposes so can in the US have many many similarities but its really the differences that count here and and theres lots of difference between king and US tax I will talk about those shortly the critical aspect is the IRS nor the CRA the Internal Revenue Service in the US or Canada Revenue Agency they dont have to figure out what your facts are you have to demonstrate what their facts are so youre in control those facts and thats an important thing for you as we move forward on this subject why should you care about tax residency what you should care because theres huge differences in taxation between can the u.s. both can be attractive but it will also both can be unattractive if you win the lottery in Canada and your Canadian tax resident you dont pay any tax if you win the lottery and your tax raise
