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.
Demystifying US Medicare Eligibility for Canadians
MCA Senior Cross Border Financial Planner Jonah Ravel examines multiple viable health care solutions for Canadians who move to the US.
CJAD Radio – Americans Living in Canada
On the May 2019 CJAD Dollars & Sense radio show, David Altro & Matt Altro reviewed some estate & tax planning considerations for Americans living in Canada.