Many dual Canadian and U.S. citizens have toyed with the idea of renouncing one of their citizenships in order to remove themselves from a taxation system. Seeing as though it is the United States which has most recently passed new legislation, we will deal with the U.S. taxation issues for U.S. expatriate. This new legislation entitled [...]
Bonnie Altro will be speaking at an Arizona Real Estate seminar in Toronto on Wednesday October 13th from 7:00 Pm to 8:30 PM at the Royal Woodbine Golf Club. Bonnie will inform the attendees about the legal and tax issues they might face when planning to buy real estate in Arizona. To sign up and attend [...]
Congratulations to Matthew Altro! Having successfully met all Financial Planning Standards Council certification standards, he has earned the Certified Financial Planner® certification! Cheers Matt!
Download the article here (PDF) , or read it below. Why do Canadians move to the US? If you find the weather in Canada difficult, the Sunbelt certainly offers a better weather alternative. If you have loved ones who you miss living in the States then what can be more important than to be near family? [...]
Under the Foreign Investment in Real Property Tax Act ("FIRPTA"), a person or entity purchasing a U.S. real property interest from a foreign person is required to withhold ten percent (10%) of the amount realized upon sale (gross sale price) from a foreign owner such as a Canadian. I.R.C. § 1445 What that means, in effect, is [...]
This is the time of year when Canadians snowbirds who have been seeking refuge in the U.S. from the Canadian winters start counting the days.
“When did we leave Canada exactly? Was it November 15, honey? How many days have we been gone?”
The magic number is 182. If you are a Canadian and you spend more than your allotted amount of days in the U.S. per year, you may be subject to U.S. income tax on your worldwide income. Beware, Canada will still consider you a resident which may lead to double taxation on your annual income.
The Canadian Way: David Altro discusses new tax issues relating to Canadians owning US real estate. This article will look at the various tax and estate planning issues facing Canadians with special emphasis on the major impact of changes in the US estate tax rules under the US Internal Revenue Code (the Code) affecting Canadians. As [...]
· Brampton, Ontario – May 4, 2010 · Toronto, Ontario – May 5, 2010 Invited by Florida Homes Magazine, David A. Altro will be the guest speaker at their "Investing in Florida Real Estate and Beyond" seminar. The Brampton seminar will held on May 4, 2010 from 6:30pm-9pm at the: Lion Head Golf & Country Club [...]
Chaired by Altro & Associates own Chief Operating Officer Matthew Altro, Squash Crohn’s is a charity squash tournament benefiting Crohn’s and Colitis research. Back for it’s 3rd straight year, this year’s event will be held on Saturday, May 15 and will once again be taking place at Club CDL. For the second year in a row, [...]
