Keyword: Cross-border financial planning

68 results found
U.S. proposed tax changes lead to interest in cross-border migration

IRS may close program that let some dual citizens off the hook

CIFPs 2016: U.S. tax issues and cross-border clients

Jamie Golombek, managing director, tax & estate planning, CIBC Wealth Strategies, highlights recent U.S. tax developments and their impact on clients who are required to pay U.S. taxes.

One of the main goals of the report is to help individuals understand the various ways they can find themselves beholden to the U.S. tax system

The heavy compliance burden related to filing taxes is one big reason

The situation facing these clients is more complex as they have certain filing requirements in the U.S. in addition to their U.S. and Canadian tax returns

U.S. expatriation and your dual citizen clients

U.S. expatriation is on the rise, but remains a complex and difficult process. Terry Ritchie, director of cross-border wealth services with Cardinal Point Wealth Management in Toronto, discusses the ins and outs of relinquishing U.S. citizenship.

Clients who winter in the warmer U.S. states need to be aware of several important requirements in order to remain on the right side of U.S. and Canadian authorities. Owners of foreign property will have to take extra precautions

Cross-border tax practitioners are applauding a decision by U.S. tax authorities. Americans in Canada now will receive an automatic tax deferral on the income they earn within an RRSP or registered retirement income fund (RRIF) without having to make an annual tax filing. “Clearly, there’s no anti-avoidance going on with Americans owning RRSPs,” says Jamie […]

U.S., Canada now tracking snowbirds more closely

Terry Ritchie, director of Cross-Border Wealth Services with Cardinal Point Wealth Management, explains why it's important for snowbirds to keep count of their days in the U.S., particularly now that Canada and the U.S. are sharing more travel information on each other's citizens.

The U.S. Internal Revenue Service is eliminating Form 8891