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Question If I’m thinking of taking distributions from my IRA or RRIF in excess of my required minimum distributions which should I pull from first? My RRIF or IRA? Answer I get this question a lot, and of course, like all things...
As we all know, tax rules between Canada and the US ca be quite different. Not properly assessing your US investments before moving to Canada can result in often terrible tax inefficiencies. Outlined below are 5 important investment changes that...
Question I moved back to Canada a few years ago and will be starting to draw on my US pension in the coming months. How will my US pension be taxed in Canada? Answer Hi, thanks for your question, however considering I don't...
Question Hi Phil I follow you on social media and one day would love to be one of your clients once I can afford the extra tax accounting costs. In the meantime I wonder if you can help me with a...
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 June 3, 2022 On April 7th,...
As Canadian housing prices have risen significantly over the last few years the tax consequences of selling your primary home for both Canadian and US purpose can be significant. We will discuss below the main cross-border tax consequences of...
Question I’ll be moving up to Canada next year and I’ll need help navigating some planning. I have a fair amount of investments in my revocable trust and need someone to review the holding to ensure I don’t run into...
Today the government of Quebec announced a one-time "counter-inflation" payment to Quebec residents that earn less than $100,000 in an effort to help Quebecers navigate an increasingly high inflationary environment. $3.2 billion will be spent on the one-time $500 payments...
As you can imagine I receive a significant amount of cross-border tax questions each and every week. Given some of these questions are quite frequent I thought it might be helpful to post some answers to some of the...
Whether you are looking to buy a vacation residence, an investment property, or move to Canada more permanently, there are many factors to consider when looking to purchase real estate in Canada. I will run through the most important...
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