Keyword: Cross-border financial planning

68 results found

Estate tax issue could cause quite a few headaches

Canada has tax treaties that reduce the pain of withheld taxes on foreign holdings, but taking advantage of them can be complex

U.S. citizens or holders of green cards living in Canada might be tempted to open a tax-free savings account. But opening a TFSA might result in more trouble than it’s worth. While the U.S. recognizes the tax-deferred status of RRSPs, it does not do likewise for TFSAs.“The RRSP is treaty-protected, so owning one just becomes […]

Tips for your snowbird clients

James Sheldon provides service for clients with interests in the U.S. and Canada

Canadian financial institutions may have to report the holdings of their U.S. clients to the IRS starting in 2013

Two advisors say David and Anne should be able to purchase a condo stateside, but they must be aware of U.S. tax laws

Canadians are smacking their lips over the historically low property prices stateside, but understanding the red tape is key

Pitfalls await the advisor who fails to determine which clients have these connections

Departing Canadians can keep RRSPs in Canada, but U.S. authorities will not consider gains as being tax-exempt