La mutation d’employé et le risque de changement de résidence fiscale Par Matt C. Altro Le 23 septembre 2015 La mondialisation rend les mutations d’employés plus fréquentes entre le Canada et les États-Unis. Mobiliser des talents de chaque côté de la frontière peut s’avérer une stratégie payante pour les sociétés [...]
In our globalized world, corporate relocation of employees between Canada and the U.S. is becoming more common. Mobilizing talent across borders is often a key strategy for companies hoping to maximize their human resources, but compliance with laws on both sides of the border can be challenging. Luckily, by considering tax and estate planning issues before an employee moves, the risks of relocation can be mitigated. Tax Residency A central issue is tax residency. Canadian income tax is based on residency, while the U.S. generally taxes its citizens on their worldwide income even if they are non-residents. Resident aliens (non-citizens) of the U.S. are also taxed on worldwide income, as if they are U.S. citizens (non-resident aliens are typically only taxed on their U.S.-source income). […]
Matt C. Altro was recently interviewed by Julius Melnitzer for an article which appeared in the Financial Post section of the National Post. In the article, Matt addresses the changes that will allow Canada and the US to accurately track the number of days spent by Canadians in each country, to ensure that the tax and immigration laws are being respected. The article can be found below or at this link and includes information on the number of days Canadians may spend in the US. […]
Matt C. Altro was recently interviewed for an article which appeared on Advisor.ca. In the article, Matt addresses what US citizens living in Canada should do in light of FATCA if they have RRSPs. The article can be found below or at this link and includes information on the new agreement between Canada and the US [...]
Wealth Professional - U.S. clients aren't in the clear, warns Toronto advisor By Matt C. Altro February 11, 2014 Matt C. Altro was recently interviewed for a a follow-up article on after the publication of the story titled "Watch out! FATCA’s on your doorstep, warns Toronto advisor," both of [...]
Matt C. Altro was recently interviewed for an article which appeared in the online publication of Wealth Professional. In the article, Matt addresses what advisors and Americans living in Canada need to know about FATCA - Foreign Account Tax Compliance Act - as it will take effect on July 1, 2014. The article can be found [...]
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 [...]
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 [...]
Matt C. Altro is a contributor to Paul Delean's business column in the Montreal Gazette, please scroll down to read Matt's answer to the first question. Tax strategy: Transferring U.S. pension to RRSP could trigger a tax hit PAUL DELEAN The Gazette Tuesday, July 9, 2013 The consequences of transferring a U.S. pension and the taxation [...]
Matt C. Altro is a contributor to Paul Delean's business column in the Montreal Gazette. Click here to view the article online or scroll down to read Matt's answer to the fifth question. Tax strategy: Clearing up confusion about TFSAs PAUL DELEAN The Gazette Tuesday, June 18, 2013 At last count, more than 8 million Canadians [...]
