Many countries around the world rely on tourists and visitors to help keep their economies running. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Good news for Canadians over 50 who own or rent homes in the U.S.
There’s a bipartisan effort in Congress to let Canadian visitors stay longer. The reason: These “snowbirds” provide a big economic boost to the U.S.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
A House bill would let Canadians over age 50 who own or rent U.S. homes spend up to 240 days annually in the country — two months longer than is now allowed. Lawmakers highlight that Canadians spent over $20 billion in the U.S. in 2019, according to one report. The legislation would prohibit these Canadians from working for a U.S. employer and from being eligible for various forms of public assistance. They must also retain their nonresident tax status.
Despite being mostly uncontroversial, the passage of the bill is not a given. Similar bills introduced in recent years have stalled.
Greenland's push for more tourists
Europe’s next hot vacation spot may be a place known for cold and ice. Greenland is pushing to attract more tourists in the coming years. The island, a territory of Denmark with 57,000 residents, plans to open three airports next year for an influx of visitors, including one in the capital, Nuuk. Flights will soon connect to larger airports in North America and Europe. Cruises to the island are popular, too.
What does Greenland offer? Outdoor adventures are the main attraction: Icebergs and glaciers. Hot springs. Whale watches. Dog sledding. The Northern Lights. Hunting. It’s not a budget destination, but prices are cheaper than at some hot spots.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
-
Ten Cheapest Places to Live in VirginiaProperty Taxes The Commonwealth of Virginia has some cheap places to live. Here are a few if you hate paying property taxes.
-
Strong April Jobs Report Lowers Rate-Cut Hopes: What the Experts Are SayingThe June jobs report shows that hiring remains strong and gives the Fed a little extra breathing room when it comes to interest rates.
-
AI’s Rapid Rise Sparks New Cyber ThreatsThe Kiplinger Letter Cybersecurity professionals are racing to ward off AI threats while also using AI tools to shore up defenses.
-
Blue Collar Workers Add AI to Their ToolboxesThe Kiplinger Letter AI can’t fix a leak or install lighting, but more and more tradespeople are adopting artificial intelligence for back-office work and other tasks.
-
America's Surprising Strengths in Manufacturing and ExportsThe Kiplinger Letter Despite common perceptions that the U.S. doesn't build things anymore, American factories are still hard at work. A special report from The Kiplinger Letter.
-
Tax Rule Change Could See Millions Lose Health InsuranceThe Kiplinger Tax Letter If current rules for the health premium tax credit (PTC), a popular Obamacare subsidy, aren't extended, 3.7 million people could lose their health insurance.
-
Travel Trends You Can Expect This SummerThe Kiplinger Letter Domestic trips will trump foreign travel amid economic uncertainties, though some costs are down.
-
AI Goes To SchoolThe Kiplinger Letter Artificial intelligence is rapidly heading to K-12 classrooms nationwide. Expect tech companies to cash in on the fast-emerging trend.
-
Should You Do A Roth IRA Conversion? Nine Things to ConsiderThe Tax Letter Thinking of converting a traditional IRA to a Roth IRA? The Kiplinger Tax Letter Editor highlights nine factors you should consider before making a move.
-
The Economic Impact of the US-China Trade WarThe Letter The US-China trade war will impact US consumers and business. The decoupling process could be messy.
