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Foreign Tax Credit vs Foreign Earned Income Exclusion for US Expats in 2026

US citizens living abroad can use either the Foreign Earned Income Exclusion, which excludes qualifying foreign earnings from US taxable income, or the Foreign Tax Credit, which reduces US tax liability based on foreign taxes paid. The optimal choice depends on individual circumstances, as the two mechanisms produce different outcomes for different income situations.

Tax & banking Neutral US BrightTax 3 months ago 0 comments
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Canadian Emigration Trends: Political Tensions, Financial Controls, and Offshore Diversification

A podcast episode covers reasons some Canadians are considering emigration or international diversification, including Alberta's independence movement, cost of living pressures, exit taxes, and reported difficulties moving money abroad. Topics include Mark Carney's rise to Prime Minister and claims about increasing government regulation affecting entrepreneurs and investors.