David A. Altro was recently interviewed for an article which has appeared in the Report on Business section of The Globe & Mail newspaper. In the article, David explains some of the obstacles a Canadian may face when leaving Canadian or US real estate to their heirs if they are living in the US. Click here [...]
"I want my children to have all the things I couldn’t afford. Then I want to move in with them." - Phyllis Diller While we don’t all want to move in with our children once they are grown adults as Phyllis Diller quips above, we do want to ensure that our children enjoy an abundant, comfortable [...]
On October 1, 2013, the Canada Revenue Agency (“CRA”) increased the prescribed interest rate to 2%. This change clearly affects Canadians looking to use prescribed rate loans as a strategy for income splitting, but prescribed rate loans used for income splitting purposes can also affect US citizens, US residents and even green card holders (collectively referred [...]
As Canadians, we tend to take for granted the benefits we are entitled to when living in a country with universal healthcare. However, provincial healthcare is only available to Canadian residents who spend the requisite amount of time in their home province every year. Historically, when it came time for some Canadians to leave Canada, many [...]
October 27, 2013 - Canadian Snowbirds Take Flight On October 27, 2013 CTV News invited Altro LLP's Managing Partner David A. Altro for a live on-air interview. As the Snowbirds take flight to warmer climates found in Florida and other Sun Belt states, David spoke to what they should be aware of if they are purchasing [...]
Toronto, ON - October 2, 2013 - US Travel Rules Could Change Matt C. Altro, Cross Border Financial Planner, Partner and Chief Operating Officer at Altro LLP, was recently interviewed by Mark Hebscher and Liz West on the Ontario television show Square Off airing on CHCH television. This was a special feature on cross border planning [...]
Jonah Z. Spiegelman, lead of our western Canada practice and based in Vancouver, BC, was recently interviewed for an article in the Vancouver Sun newspaper. In the article, Jonah reviews some of the real estate trends that Canadians are following when purchasing in the US and what Snowbirds need to be aware of and plan for [...]
Matt C. Altro was recently interviewed for an article which has appeared in the Finance section of the 24hrs newspaper in Toronto and Vancouver. In the article, Matt answers commonly asked questions about the potential for more days in the US for Canadians, and the possible consequences of doing so. Snowbirds Beware - US bill could [...]
David A. Altro is a regular contributor to Paul Delean's business column in the Montreal Gazette, please scroll down to read David's answer to a reader's question. Tax strategy: Inheritance can affect level of social assistance PAUL DELEAN The Gazette Tuesday, October 8, 2013 Questions about inheritances and their effect on taxes and social assistance were [...]
As of 12 am October 1, 2013, the US government “shutdown” due to a lack of budget. It is the role of Congress to prepare and pass a spending bill, also known as a budget, prior to the start of each fiscal year. The US government’s fiscal year runs from October 1st to September 30th, hence [...]
