Navigate 2023 reporting changes for Bare Trusts and Cross-Border Trusts with Levy Salis LLP. Ensure T3 compliance and personalized advice.
Cross-Border Inheritance: Navigating Tax and Legal Implications for American Beneficiaries of Canadian Estates
Sophie Lalonde, Founder at 3D Financial, and Shlomi Steve Levy, partner at Levy Salis LLP, bring you a special collaborative article. In this article, they delve into the intricate world of cross-border inheritance, focusing on Canadians with U.S. beneficiaries. Explore the nuanced tax, legal, and financial challenges in this informative piece.
Canadians who own US real estate should be aware of the Canada Revenue Agency’s significant push to collect information on them. To know more, read this article.
Buy / Sell or not? This article will give some insight for Canadians who own or considering purchasing US real estate due to the COVID-19.
A key issue for Canadians owning US real estate is avoiding probate on death. Read this blog to learn more about probate and probate avoidance.
Canadians with Assets in the United States: Watch Out for State Estate Taxes and State Inheritance Tax
If you own US property, read this article to learn about your potential exposure to State Estate and Inheritance Taxes in addition to US Estate Tax.
Section 1031 Exchanges: Potentially Great for Americans, Not So Much for Canadians When Selling US Real Estate
This article explores the basics and usefulness of a Section 1031 Exchange. It usually only works for Americans. Canadians should watch out!
Canadians who own Florida real estate and wish to sell or are interested in purchasing Florida real estate should be informed of the specificities of selling.
Are you about to buy a US property? Read this article for an explanation on the key role of a title agent in the purchase and sale of US real estate.
Canadians selling US real estate are subject to a mandatory IRS withholding on their sale proceeds. To know more, read this article.