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.
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.
Navigate 2023 reporting changes for Bare Trusts and Cross-Border Trusts with Levy Salis LLP. Ensure T3 compliance and personalized advice.
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.
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.
"They shall grow not old, as we that are left grow old: Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them." —Robert Laurence Binyon
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.
The IRS has announced relief from US taxation for certain Canadians and other international visitors stranded in the United States due to the COVID-19 outbreak.
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.
If you are an American living in Canada or a Canadian owning US property, read this article to know your potential US Estate Tax exposure.
