The STEP Journal – Deep Freeze
David Altro & Hadielia Yassiri’s article in the STEP Journal explores the US tax implications of Canadian estate freezes.
20
06, 2018
NON-RESIDENT TRUSTS & CANADA’S SECTION 94 DEEMING PROVISIONS
For certain trusts, the deeming provisions of section 94 of the Income Tax Act can result in a tax liability to the CRA.
16
05, 2018
The STEP Journal – Treaty Tips and Tricks
David Altro & Matt Wolch’s article in the STEP Journal is an analysis of US estate tax and the tax & estate planning opportunities available to US persons and Canadian residents.
16
06, 2017
Charitable Donations as an Estate Planning Tool After 2016
Due to changes in the Income Tax Act, charitable donations made under a Will may require a re-visit.
16
05, 2017
The Importance of Multi-Jurisdictional Powers of Attorney
This blog discussed the importance of understanding multi-jurisdictional powers of attorney for Canadians who travel between Canada and the US.
23
02, 2017
What is a US Situs Asset?
Canadians who own US situs assets are subject to US estate tax. The concern? The definition of “US situs assets” is broader than many Canadians realize.
16
02, 2017
Trump’s US estate tax promise & leaving assets to an American
Will Trump make good on his promise to repeal US estate tax? How do these anticipated changes affect Canadians leaving assets to kids living in the US?
16
01, 2017
Looming Changes to the Estate Tax Under President-Elect Trump
The US Federal Estate Tax Exemption has risen annually since its confirmation under the American Taxpayer Relief Act of 2012. This year the estate tax exemption stands at $5.49 million USD per U.S. person.
28
05, 2015
Limited Liability Limited Partnerships and the Perils of Cross Border Tax
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 [...]
13
04, 2015
Cross Border Estate Planning: Gifting to US Resident Children
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 [...]