Cit 0302-2025

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No, it is not true that you will lose your American citizenship if you become a Canadian citizen. The United States allows dual citizenship, meaning that you can hold both American and Canadian citizenship simultaneously.
Disadvantages Dual obligations: You may be bound by the restrictions, laws, and obligations of both countries even if they conflict. Double Taxation: You may be required to pay taxes in both countries, regardless of where you live and work.
Both Canada and the US recognize and allow dual citizenship. If an American immigrates to Canada they retain their American citizenship. Its actually a disadvantage, because you have to file American income tax every year in addition to your Canadian one.