As the thermometer continues to hover around the zero degree mark, many of us who live north of the 49th parallel begin to think about heading south to take up residence in one of the many sunnier climes the United States has to offer…..
So You Want to Buy a U.S. Vacation Property… Continue Reading »
Canadian and US Tax Treaty, Estate Planning, Investments, IRS, Probate Tax, US TaxesIn my Blog of October 26, 2010, I described how the U.S. estate tax regime was in a state of flux. Without action by Congress before the end of 2010, U.S. estate taxes are set to revert back to the rates and exempt amount in effect in 2001…..
Uncle Sam Sends a Small Gift for the Upcoming Holiday Season… Continue Reading »
Canadian and US Tax Treaty, Estate Planning, United States, US TaxesSo you are a Canadian citizen and resident, surely ‘Uncle Sam’ has no right to your Estate on your death. Unfortunately ‘Uncle Sam’s’ arm – his estate tax arm that is – can reach across the border to impose taxes on the Estate of a non-resident/non-citizen of the United States…..
So you think you can Avoid ‘Uncle Sam’ part II… Continue Reading »
Canadian and US Tax Treaty, Estate Administration, IRS, United States, US TaxesLast week my colleague, Laura West, spoke about some of the non-tax pitfalls that can arise when transferring property into joint tenancy with a family member. This week I’m here to follow-up with a discussion of the tax implications that should be considered before changing ownership of property to joint tenancy…..
Joint Tenancy Tax Issues Continue Reading »
Canada Revenue Agency, Estate Planning, Joint Tenancy, Probate TaxSo you reside in Canada but you’re a U.S. citizen, surely ‘Uncle Sam’ has no right to your Estate on your death. Unfortunately, regardless of whether a U.S. citizen resides in the United States, U.S. citizens are subject to U.S estate taxes when the pass away based on the value of their worldwide estate. A credit is available which does alleviate some of the tax burden by exempting a certain amount from the U.S. estate tax net…..
So you think you can avoid Uncle Sam… Continue Reading »
Estate Administration, IRS, U.S. Citizen, United StatesStieg Larsson, author of the Millennium Trilogy of crime novels, ultimately died without a Will. This left his long term lover Eva Gabrielsson without any claim to his Estate which under Swedish law would pass to his father and brother…..
