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.
By Shlomi Steve Levy| 2024-11-19T17:36:36+00:00 November 19th, 2024|Canadian Tax and Estate Planning, US Real Estate for Canadians, US Tax and Estate Planning|
Discover the 2024 T3 exemptions for bare trusts, CRA reporting updates, and proposed amendments. Contact Levy Salis LLP for expert tax advice.
By Shlomi Steve Levy and Benny Kaufman| 2024-11-13T18:59:08+00:00 October 31st, 2024|Canadian Tax and Estate Planning, US Real Estate for Canadians, US Tax and Estate Planning|
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.
By Kevyn Nightingale and Shlomi Steve Levy| 2024-09-04T19:07:16+00:00 September 4th, 2024|Canadian Tax and Estate Planning, US Real Estate for Canadians|
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.
By Shlomi Steve Levy and Catherine Tremblay| 2024-01-11T16:31:27+00:00 December 18th, 2023|Americans Living in Canada|
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.
By Shlomi Steve Levy and Francis Hally| 2023-12-07T17:33:46+00:00 December 6th, 2023|Canadian Tax and Estate Planning, US Real Estate for Canadians|
Navigate 2023 reporting changes for Bare Trusts and Cross-Border Trusts with Levy Salis LLP. Ensure T3 compliance and personalized advice.
By Shlomi Steve Levy and Sophie Lalonde| 2023-11-06T20:53:32+00:00 November 6th, 2023|Canadian Tax and Estate Planning, US Real Estate for Canadians, US Tax and Estate Planning|
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.
By Shlomi Steve Levy and Sarah Harroch| 2023-06-29T16:41:05+00:00 June 29th, 2023|Americans Living in Canada|
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.
By Sergei Titorenko| 2020-11-11T15:36:27+00:00 November 11th, 2020|Statutory|
"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
By Shlomi Steve Levy| 2024-08-23T16:43:07+00:00 July 23rd, 2020|Canadian Tax and Estate Planning, US Real Estate for Canadians, US Tax and Estate Planning|
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.
By Shlomi Steve Levy| 2024-08-23T16:43:26+00:00 May 26th, 2020|Canadian Tax and Estate Planning, US Tax and Estate Planning|
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.