US Tax Reform – Changes to Deductions on Individual Income
The Tax Cuts and Jobs Act, commonly referred to as the US Tax Reform Bill, came into effect on January 1, 2018. Among the numerous changes it makes to the [...]
6
03, 2018
26
02, 2018
US Real Estate for Canadians – You Need an ITIN!
Many Canadians who seek to purchase or already own US real estate are unaware that at one point or another they will require a US Individual Tax Identification Number (ITIN). [...]
20
02, 2018
US Tax Reform – Cuts in US Individual Income Tax Rates
In comparison with Canada, US tax rates on the income of an individual are lower. US federal individual income tax rates are lower than Canadian federal tax rates and State [...]
14
02, 2018
US Citizens Living in Canada: What to Watch Out for When Expatriating
The US taxation system imposes onerous tax reporting obligations on its citizens. All US citizens must report and pay tax on their worldwide income – even if they live abroad. [...]
30
01, 2018
US Gift Tax for Canadians
If you own a vacation home in the United States, you may have been advised by a friend or even an American lawyer to put your children on title by [...]
20
12, 2017
Checklist for Canadians Buying Real Estate in Florida
Many Canadians who are interested real estate in purchasing a condominium in Florida are unaware of the particularities of the purchase process and the issues relating to the ownership of [...]
11
12, 2017
US Real Estate for Canadians – Incapacity Planning
If you are a Canadian who owns US real estate, planning for the possibility of incapacity is an essential component of prudent estate planning. Incapacity is the absence of the [...]
7
12, 2017
US Tax Reform Bill – Proposed Change for Small Businesses
One of the principal election promises of the Republican Party in 2016 US presidential election campaign was US tax reform. After several months of work, both houses of the US [...]
28
11, 2017
Taxation of US Corporations – Corporate Inversion
More and more US citizens who live abroad and have acquired citizenship in their country of residence have opted to renounce their US citizenship, namely to avoid onerous US tax [...]
20
11, 2017
Life Insurance and US Estate Tax for Canadians
Many Canadians use life insurance policies as an estate planning tool to ensure their families are cared after and to pay tax owed by their estates on accrued capital gains [...]
