Departure Tax: CANADA/U.S.

Departure tax occurs when a Canadian becomes non-residents for tax purposes, the Canadian government charges a final tax on the accrued gains of many assets.

Globe & Mail – If your child lives in the U.S., it may be time to revise your will

David Altro, Matt Altro, and Zaina Kottis were asked to prepare a special for The Globe and Mail, which was published on June 17, 2019. Their article titled “If your child lives in the U.S., it may be time to revise your will” examines six essential hurdles that Canadian citizens will have to overcome when appointing American resident children as executor of their will.

Essential Planning Considerations for Canadians Selling U.S. property

Cross Border Financial Planner Irina Matco provides an overview of some essential planning considerations for Canadians selling U.S. property.

Planning Considerations for Controlled Foreign Affiliates

Foreign accrual property income (FAPI) refers very to passive investment income earned by a foreign affiliate controlled by a taxpayer resident in Canada.

Globe & Mail – If your child lives in the U.S., it may be time to revise your will

David Altro, Matt Altro, and Zaina Kottis were asked to prepare a special for The Globe and Mail, which was published on June 17, 2019. Their article titled “If your child lives in the U.S., it may be time to revise your will” examines six essential hurdles that Canadian citizens will have to overcome when appointing American resident children as executor of their will.

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