GILTI or Not GILTI: A guide for U.S. expatriates living in Canada

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U.S. citizens who own an interest in a Controlled Foreign Corporation (“CFC”) have faced a number of challenges under the U.S. tax reform bill which became law near the end of 2017. First, expatriate U.S. citizens who owned a direct or indirect interest in a Canadian corporation had to deal with an unfair transition tax ….

Dealing with Canadian real estate owned by a non-resident? Know the process to ensure you avoid costly errors

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Non-resident individuals and corporations have recently invested in a high volume of Canadian real estate properties. Despite the high number of non-resident owners, many professionals in the real estate industry, including brokers, agents and lawyers, are unaware of the extensive taxation responsibilities of vendors and purchasers when a non-resident of Canada is selling Canadian real ….

Financial opportunities abound in Canadian cannabis market

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Cannabis, commonly known as marijuana, is currently legal to use for medical purposes in Canada. The upcoming legalisation of recreational cannabis in Canada has created global interest in this new market. Since 2001, the use of cannabis for medical purposes has been legal in Canada. In July of 2018, the Canadian Government is expected to ….

Maximize your real estate investments in 2018: Our top 10 financial management tips

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While 2017 saw a bit of a slump for residential properties in Canada, certain markets remained strong (Vancouver, for instance), while investment properties across the country were largely cushioned from the blow. Beginning in Q2 of 2017, Toronto residential real estate was among the hardest hit, impacting many of our clients. As 2018 progresses, a ….

Canadians’ investment in U.S. real estate after tax reform

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Amid sizzling real estate markets in places like Toronto and Vancouver that have driven prices North of the border sky high, Canadians have been looking South for opportunities to profit on better values in real estate investments. Recent changes to the U.S. tax law should cause Canadians who are organizing U.S. real estate partnerships and ….

Recent U.S. tax reform impacts Canadians doing business in the U.S.

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The recent U.S. tax reform has provided Canadian-based multinational businesses some powerful incentives to shift production to the U.S. – lowered tax rates, particularly for U.S. exporters, and accelerated write offs for capital investments – are sending the message that the U.S. is open for business again. In Part 1: Recent U.S. tax reform impacts ….