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Here you'll find updates on cross border tax issues for 2020. Please check back often for updates as this page will be revised for new cross border tax news items from month to month. Update September 20, 2020 Over...
Question Hi Phil, Happy Holidays to you! I would like to check in with you before I decide to go through with a lump sum distribution of a...
Update January 17, 2019: We were pleasantly surprised, even as the US government shutdown continues that the year end exchange rates were released yesterday. For 2018 the year end FBAR and 8938 US-Canadian exchange rate is as follows: 1...
Question Hi I’ve had a terrible year dealing with these new transition tax rules and I’ll be looking for a new cross border accountant once my current accountant gets through the...
Question Hi Phil I got your email from a client of mine and I hope you can help me sort through some issues. I would be more than happy to schedule...
We've seen a huge number of American's move from the US to Canada over the last few years. Some suggest this is in part because of the "Trump effect", however it's more likely that these individuals had...
A big thanks to Sybil Verch and the crew at the Wealthy Life for having us down for the show. Although the segment was relatively brief we were able to touch on a few key cross border tax and...
Question I’ll be moving to Ottawa from Boston late this year and I’ve been working through some financial planning with my broker. While doing some research online I came across your cross border tax articles, specifically the ones outlining IRA...
Question I read your article on Canadian voluntary disclosure and T1135 late filing forms. I wanted to ask about how I would go about filing these late forms given the changes to the program. I’ve had my taxes done by a...
We meet with a lot of clients who are looking for some guidance on how to handle their US investment accounts. Whether they have moved from the US or inherited US assets from family members these individuals often have...
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