by Jessica Lachance | Feb 10, 2025 | Featured, Featured, Immigration, Tax Filing Requirements, Tax Planning, Tax Planning
Originally, the Canadian government’s 2024 budget announced a controversial increase to the capital gains inclusion rate from 50% to 66.67% that was to have taken effect on June 25th, 2024. The increase was to have been far-reaching, affecting individuals,...
by Adam Birzgalis | Feb 10, 2025 | Featured, Featured, Immigration, Tax Filing Requirements, Tax Planning, Tax Planning
Tariffs, Trade Tensions, and the Impact on Investors: What You Need to Know: As a cross-border advisory firm serving both Canadian and American clients, we’ve been receiving a lot of questions around Trump’s proposed tariffs on Canada, Mexico, and China and what it...
by Jonah Ravel B.A., F.Pl., CFP® (Canada), CFP® (US) | Jan 14, 2025 | Featured, Featured, Health Coverage & Insurance, Immigration
In our cross-border space, the penalizing provision in US Social Security law known as the “Windfall Elimination Provision” (WEP) has always been a thorn in our side. Though not initially designed to punish Canadians, the WEP has, many would say unfairly, imposed a...
by Greg Tomkins | Oct 29, 2024 | Estate Planning, Featured, Immigration, Tax Planning, Tax Planning
As the U.S. braces for the upcoming 2024 election, economic, tax, and immigration policies from candidates Trump and Harris are sharply defined and aimed at influencing everything from small business startups to Social Security. Here’s an overview of some key policy...
by Kelvin So | Oct 8, 2024 | Featured, Featured, Immigration, Tax Filing Requirements, Tax Planning, Tax Planning
Elevated inflation has driven up consumer prices in recent years, starting in 2022 when the U.S. experienced one of the highest inflation rates in four decades. This spike was largely triggered by the COVID-19 pandemic and global events, such as the war in Ukraine,...
by Adam Carris | Oct 1, 2024 | Featured, Featured, Immigration, Tax Filing Requirements, Tax Planning, Tax Planning
Moving from the United States to Canada is a significant life change, especially for US citizens and long-term Green Card holders. One major tax concern that can arise during this transition is the imposition by the IRS of the punitive “Covered Expatriate” status,...
