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State Inheritance & Estate Taxes and New York’s Estate Tax Refund To Same-Sex Couples
State Estate & Inheritance Taxes A lot is often said about the US federal estate tax, especially amongst Canadians with US property. What many Canadians do not realize is that 14 different US states, and [...]
Is a Limited Liability Company (LLC) good for Canadians buying in the U.S.?
If you are Canadian, the answer to that question is: it depends. People purchasing real estate in the U.S. are faced with different challenges depending on whether they plan on using the property personally or [...]
Tax strategy: Transferring US pension to RRSP could trigger a tax hit
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 [...]
DOMA’s Demise – What it Means for Canadian Residents with US Ties
Last week, the US Supreme Court issued an historic and landmark ruling in the case of US v. Windsor. It has been hailed in the media as the demise of the Defense Of Marriage Act [...]
Branch or Subsidiary: Tax Planning for CDN Companies Expanding Operations to the US
Canadian businesses looking to expand operations into the US have many issues to work through at the planning stage, and one important one is how to structure US operations from a tax perspective. This post [...]
Update: US Senate Votes to Approve Gang of Eight’s US Immigration Reform Bill
Yesterday afternoon the US Senate voted to approve the US Immigration Reform Bill with a final vote of 68-32 in favor of the bill. While some modifications to the bill were made in the Senate, [...]
Watch Out for Tax Rate Changes for Trusts
Back in March, the Canadian government had indicated that they were looking into changing the graduated tax rates applied to testamentary trusts. Trusts have always been a tool for tax and estate planning, and although [...]
Tax strategy: Clearing up confusion about TFSAs
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: [...]
The New U.S. Immigration Bill – Impacts to Canadians Spending More Time in the U.S.
In recent weeks, there has been extensive news coverage on the Gang of Eight’s U.S. Immigration reform bill. If the new bill were to pass, U.S. Immigration (USCIS) would extend the amount of days a [...]
The New U.S. Immigration Bill – Impacts to Canadians Spending More Time in the U.S.
In recent weeks, there has been extensive news coverage on the Gang of Eight’s U.S. Immigration reform bill. If the new bill were to pass, U.S. Immigration (USCIS) would extend the amount of days a [...]