Archive: October 2016

Advisor.ca – EXPECT U.S. ESTATE TAX CHANGES NO MATTER WHO’S ELECTED

Matt C. Altro was recently interviewed by Jessica Bruno from Advisor’s Edge to analyze the potential impacts on US estate tax changes depending on who the US elects in November: Hillary Clinton or Donald Trump. The analysis was published in the October edition of the Advisor’s Edge magazine and also appeared online on Advisor.ca. In the article, Matt reviews the different party platforms with regards to US estate tax and how electing a Republican or Democrat government will impact tax law. Matt also discusses other key cross border issues that may be affected by the 2016 US federal election, such […]

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August 2016 – Dollars and Sense Radio Show on CJAD

Matt C. Altro is a regular expert on Montreal radio station CJAD 800AM, where he discusses tax, immigration, health care issues and more. These key issues are discussed with regards to how they relate to a cross border move or relocation between Canada and the US. On the August 30, 2016 episode of the show Dollars & Sense, Matt focused on discussing the following cross-border topics: Canadians with US real estate Americans living in Canada Renouncing your US citizenship Moving to the US You can listen to the full show which aired on August 30, 2016 by using the media […]

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CPP REFORM FROM A CROSS BORDER PERSPECTIVE

“The future belongs to those who prepare for it today.” – Malcolm X The new Liberal government was clearly inspired by Malcolm X, even if his motivations had nothing to do with increasing the Canada Pension Plan (“CPP”) program; one of Justin Trudeau’s first acts as Prime Minister was to increase CPP as a means to help battle the retirement shortfall of Canadian middle-income earners. Trudeau is hoping to assuage a relatively new problem. After World War II, Canadians were able to rely on their defined pension plans as a source of stable retirement income when they stopped working. Over […]

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Taxes at Death: Canada vs. the U.S.

Death and taxes, so they say, are the only two things of which you can be fully certain. Combining both, in the form of taxes at death, would seem inevitable. Death is typically the final opportunity for a government to collect taxes on an individual’s income so it’s not surprising that death gets viewed as a tax event. And yet, from a cross-border perspective, the imposition of taxes at death is very different in Canada than it is in the U.S., which creates the need for customized cross-border estate planning. It’s widely known that the U.S. has a federal estate […]

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EB-5 Green Card Program Re-extended with no Changes through December

MCA Cross Border Advisors has been keeping a close eye on the outcome of proposed changes to the EB-5 Immigrant Investor Visa Regional Center (“RC”) Program, which was set to expire on September 30, 2016. Amid continuing debate about whether to extend the program in its current temporary form or whether to reform it with the possibility of making it permanent, the U.S. Congress has just re-extended the program for the third time in the past year, by two additional months, with no changes through December 9, 2016. The EB-5 visa has become increasingly popular in recent years among high […]

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