by Matt C. Altro B. Comm., F. Pl., CFP® (CAN), CFP® (US) | Jun 10, 2021 | Article, News, Tax Planning
Global News – Make the most of your money At MCA Cross Border Advisors, our clients often ask us questions about the various considerations around cross-border gifting. Recently, Matt Altro, our President & CEO, was asked to answer a question submitted to...
by Matt C. Altro B. Comm., F. Pl., CFP® (CAN), CFP® (US) | Oct 21, 2020 | Article, Media, News, News, Tax Planning
Matt Altro was recently interviewed by Michelle Schriver from Investment Executive to explain the potential tax impact the 2020 US Presidential election may have on US citizens living in Canada. The article focuses on the potential tax changes that Joe Biden is...
by Sherry Zheng CPA (Delaware), MTax | Oct 9, 2020 | News, Tax Filing Requirements, Tax Planning
Non-residents of Canada can continue to hold RRSPs after leaving Canada. Income and gains in an RRSP are considered tax-free in Canada and in many foreign countries with which Canada has tax treaties and where non-residents may live. As such, non-resident taxpayers...
by Irina Matco, B. Comm., F. Pl. | Jun 29, 2020 | Tax Planning
Employee stock options have become an increasingly popular form of compensation, especially for start-ups and tech companies in Canada and the US. They are designed to be mutually beneficial to employees and employers. A stock option gives an employee the right...
by Samuel Platel, F. Pl. | May 26, 2020 | Estate Planning, Tax Planning
What Is US Estate Tax? The Internal Revenue Service (IRS) imposes estate taxes on US citizens, US residents, and some non-residents. Estate tax is calculated using an individual’s worldwide estate. One’s total US estate tax liability is subject to applicable...
by Irina Matco, B. Comm., F. Pl. | May 11, 2020 | News, Tax Filing Requirements, Tax Planning
As you may be aware, US citizens living abroad, including those living in Canada, have an obligation to report and pay taxes on their worldwide income. They do so by filing annual tax returns as well as by complying with various foreign account reporting requirements....
