CJAD Radio – Cross-Border Tax Traps

On a recent CJAD 800AM radio show, our President & CEO Matt C. Altro reviewed several cross-border tax traps for Canadians, Americans living in Canada, and dual-citizens. The radio show which aired on February 25, 2019, offered listeners a fundamental understanding on many cross-border tax traps and issues such as the differences between the U.S. and Canadian tax systems, the IRS and taxation of Foreign Trusts (TFSAs, RESPs, ETFs), tax planning for returning dual-citizens, the pros and cons of renouncing U.S. citizenship, the Canadian tax treatment of private companies owned by U.S. citizens, the differences between Passive Foreign Investment Companies (PFICs) and Controlled Foreign Corporations (CFCs), U.S. estate tax planning, an overview of the Foreign Account Tax Compliance Act (FATCA), and cross-border retirement planning with U.S. retirement accounts. Matt also answered caller questions throughout the show as well.

If you have questions for our cross-border professionals, we invite you to submit your question(s) via our website, and we will try to answer as many of them as possible during our next radio show. To submit your question(s) please follow this link, and tune-in to our next radio show to hear the answers!

We invite you to use the media player on the right to listen to our show from February 25th and to listen to our next live radio show on CJAD 800AM, which will be on Wednesday, March 20, 2019 at 7pm ET. Click here to view future radio show dates.