<p>I wonder how it works for Canadians who do not file US taxes (at schools that offer financial aid to Canadians). While they may accept the equivalent tax forms from Canada…I wonder if they realize that some Canadians earn income overseas that is not reported (big issue where we live). </p>
<p>I came to wonder about some friends whose kid has full financial support from a particular Ivy college (or so they boast, calling it a scholarship at a school that doesn’t offer scholarships). Yet this family is extremely well off (sending four boys to private school, belonging to the country club, whose house is worth $2mil at least). Dad works in HK however…he doesn’t pay Canadian tax on that income. We know about how it works, Canadian tax law and satellite families, but how would they? It just made me go hmmm.</p>