With more clients heading for the sun, make sure you don’t execute orders that could run afoul of foreign securities laws
IRS likely to show some leniency, ambassador says
IRS tactics causing stress and fear among Canadians with dual U.S. citizenship
U.S. donors of Canadian land get encouragement from Ottawa
Estate tax issue could cause quite a few headaches
Canada has tax treaties that reduce the pain of withheld taxes on foreign holdings, but taking advantage of them can be complex
U.S. citizens or holders of green cards living in Canada might be tempted to open a tax-free savings account. But opening a TFSA might result in more trouble than it’s worth. While the U.S. recognizes the tax-deferred status of RRSPs, it does not do likewise for TFSAs.“The RRSP is treaty-protected, so owning one just becomes […]
Tips for your snowbird clients
James Sheldon provides service for clients with interests in the U.S. and Canada
Canadian financial institutions may have to report the holdings of their U.S. clients to the IRS starting in 2013