So bullet points like the title says. I'm am American living in Canada investing in US stock market through the Canadian branch of IB. I'm assuming that the tax situation will be handled like my regular Canadian income. I pay may Canadian taxes on my earnings, report those same earnings on my US tax returns and deduct the taxes paid in Canada from my US tax obligations via the foreign tax credit. On regular income the Canadian tax rate is higher but on capital gains (short term anyway) the Canadian rate is lower. So I'll have to pay the difference on my US return. Correct? Are there any points I'm missing? Possible deductions or work arounds? Things to consider? Thanks for any help