<prompt> Human: Hoping to get some insight if anyone has any to offer. It goes without saying that responders are not liable and I do not consider this legal counsel. I will get a tax specialist if I decide to go down this road. Just hoping to catch some insight from anyone with this experience. Basically, radiologist, US citizen. Looking at making 400-500k CAD in the Vancouver area, moving as my wife is a Canadian from the area. I know there are some treaties between the US and Canada to limit double taxation. However there seem to be multiple caveats. One of these is the exemption from US taxes on Canadian income up to 92k. What about amounts over that? Basically... Anyone have any experience or insight to offer on this topic?Thanks in advance.  <response>: You seem to be referencing the Foreign Earned Income Deduction. The current limit is a little over 100,000. At your level of income, you should look into the Foreign Tax Credit which should lessen the double taxation.Since youre a US citizen, youll still be subject to the US foreign financial reporting requirements, namely the FBAR. The FBAR reports the existence of foreign financial accounts under your control.Theres also Form 8938 which is similar to the FBAR, but with very different limits. Generally, people that move abroad wont hit these limits. However, at your income level, its definitely possible that youll make enough.Next theres Form 8621 which reports your ownership of passive foreign investment companies. The most common PFIC that you may own shares in are mutual funds or mutual trusts. Do yourself a favor and avoid investing in foreign mutual funds.Lastly, Canada has different retirement plans than the US. Many of them work roughly the same as US plans. But, some plans that are tax advantaged in Canada are not tax advantaged in the US and their income is taxed in the US. Make sure you save in plans that are tax advantaged in both countries. I think RRSPs and RRIFs are specifically mentioned to have favorable treatment in the tax treaty. 