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Here you'll find updates on cross border tax issues for 2021. Please check back often for updates as this page will be revised for new cross border tax news items from month to month. Update January 23, 2021 Updates...
Question Hi Phil My wife is a member of your Facebook group and she thought you would be the perfect person to talk to with respect to our situation. My wife and I still be moving to Victoria early next year. Our...
Answer Hi XXXXX Thanks for the email. Given the length of your email I won't be able to address all the issues below, however I'll do my best to summarize some thoughts below: Software for US citizens living in Canada doesn't...
On episode #5 of the Expat Tax and Financial Planning Podcast we discuss some options for Canadians holding US IRA accounts. Whether you moved up to Canada with a pre-existing IRA or have inherited an IRA from a relative living...
Among the numerous changes to individual taxes that President Biden is proposing to pass into law in the first months of his term are some changes to the 401(k) plan that could significantly change retirement financial planning. According to...
Question Hi Philip, First let me thank you for your very informative “Americans Living in Canada” FB group. I learn a lot by reading through the posts - this is useful to me as my family is going to relocate to...
On episode #4 of the Expat Tax and Financial Planning Podcast we discuss some of the most asked questions I get from clients regarding cross-border tax and financial planning issues. The top questions discussed on this podcast include: As a...

Update: Biden’s Tax Plan

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Although incoming-President Biden will come into office with control of both the House and Senate, the margins in both chambers are razor-thin. The bottom line: passing his proposed tax increases on corporations and individuals making over $400,000 annually might...
How quickly things can change in Washington. Just weeks after a months-long stalemate was broken with the approval of a $900 per individual second stimulus payment, incoming-President Biden has unveiled a $1.9 trillion COVID relief proposal that will provide...
Question My husband and I live in a small town in rural Canada. In 2019 my husband’s brother, who lived in Texas, passed away and left my husband as beneficiary of an IRA account. Now we are in a frenzied...
It is safe to say that the 2020 Presidential Election was on personality and relatively light on policy details. But with the January 20th inauguration approaching quickly, here is an overview of what we know about the tax plan...
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