T3 Exemptions for Bare Trusts 2024
Discover the 2024 T3 exemptions for bare trusts, CRA reporting updates, and proposed amendments. Contact Levy Salis LLP for expert tax advice.
19
11, 2024
31
10, 2024
Reporting Beneficial owners for US companies
New U.S. regulations now require many companies to disclose their beneficial owners to FinCen, increasing transparency to help combat financial crimes. Understand the requirements and deadlines to stay compliant.
4
09, 2024
Buying US Real Estate – The US Estate Tax Threshold is about to drop – Are you ready?
Buying US real estate? With the US Estate Tax Threshold dropping, let Kevyn Nightingale & Shlomi Levy of Levy Salis, LLP guide you through your options.
18
12, 2023
Facing the fiscal death (21 years) of your trust
Examination of tax consequences triggered upon the expiry of the 21-year period of the existence of a personal trust and overview of legal and tax tools to prevent or minimize the tax burden. Check list of tax and legals issues to be addressed during the elaboration of the tax planning. Discussion on tax risks and potential application of the new disclosure rules to 21 years planning transactions.
6
12, 2023
Bare Trusts and Cross-Border Trusts: New Reporting Requirements Coming into Effect in 2023
Navigate 2023 reporting changes for Bare Trusts and Cross-Border Trusts with Levy Salis LLP. Ensure T3 compliance and personalized advice.
6
11, 2023
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.
29
06, 2023
US Citizens Living In Canada: Beware Of The US Taxation Upon The Sale Of A Principal Residence
Tax implications for American citizens selling homes in Canada can be burdensome. While Canadians enjoy tax-free gains with the principal residence exemption, Americans face hefty US Taxes. Learn about strategies to minimize the tax burden.
14
03, 2019
Richard Salis Interviewed for the Growth Story Podcast: CHANGING DIRECTION AFTER COMMITTING TO A PROFESSION
Mtre Richard P. Salis, B.A., LL.B., D.D.N., was interviewed in a recent episode of Growth Story Podcast hosted by David Inzlicht about his path to becoming a Notary specializing in wills, trust and estate settlement.
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 [...]
