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.
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.
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.
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 [...]
Last month, the IRS announced its annual inflation adjustments for a number of tax-related provisions for 2018, including the estate and gift tax limits and annual gift tax exemption. With [...]