Last week, I blogged about PATH and the changes the legislation makes to the Foreign Investment in Real Property Tax Act (“FIRPTA”). One of the most important changes is that certain foreign pension funds are now exempt from FIRPTA when they dispose of U.S. real property. It was predicted that the exemption would increase the amount [...]
U.S. Congress was busy at the end of the year. There was much debate about several key pieces of legislation that have the potential to affect Canadians in 2016, including the popular EB-5 investment-for-visa program, which I most recently blogged about here. Amid the flurry of activity, President Obama signed a key piece of legislation into [...]
From our family to yours, best wishes for a joyful holiday season! The Team at Altro LLP
Altro LLP has been closely following the progress of legislative changes proposed to the U.S’s popular EB-5 investment-for-visa program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. (See my post from Monday here, as well as an earlier, more detailed blog explaining the program’s history [...]
I recently wrote about the popular EB-5 Regional Center program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. The program was originally set to sunset on December 11, 2015, but has received a short extension until December 16, when it will likely be renewed with [...]
The U.S.’s popular EB-5 investment-for-Green Card program is set to sunset on December 11, 2015; Congress, however, is currently considering proposed legislation that would extend the life of the program beyond December 11. I’ve prepared a short explanation of the EB-5 program, its legislative history and the most important pieces of legislation circulating in Congress right [...]
In the news this week are several stories surrounding the Canada Revenue Agency using the number of days Canadians spend abroad to limit access to federally funded programs. CBC Radio One interviewed Matt C. Altro on the topical story which was published on October 27 on CBC's website. Click here original post [icon id="fa fa-chevron-right"] [...]
The Canadian dollar might not be as strong as it once was, but that still hasn’t stopped many Canadians from investing in the US real estate market. Each day we meet with new clients who are looking to the US to develop a portfolio of residential rental properties in order to generate a secondary, or in [...]
The EB-5 investor visa, also commonly referred to as an EB-5 green card, is a great immigration tool for Canadian investors and their families wishing to move to the United States permanently while making a business investment. Unlike other investor and employment visas that will only allow a person to stay in the U.S. as long [...]
Cross Border Estate Planning: Gifting to US Resident Children By Heela Donsky Walker April 13, 2015 Canadian parents are no strangers to losing their kids to the US – some may leave Canada to study in the US never to return, while others are recruited by US companies and sponsored by [...]
