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Here you'll find updates on cross border tax issues for 2019. Please check back often for updates as this page will be revised for new cross border tax news items from month to month. You can also...
We get a lot of questions regarding inheritances between Canada and the US. Whether it's a Canadian client receiving an inheritance from a US relative or a US resident receiving an inheritance from their Canadian relatives, the tax intricacies...
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...
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...
The IRS recently announced the new "simplified" 2018 1040 form. The new version of the 1040 replaces the older 1040, 1040-A and 1040-EX forms. Trump announced the "simplified change" to the 1040 last year, however many are not so...
With the significant price appreciation of Bitcoin and other related cryptocurrencies at the end of 2017, we saw the media and general public question the validity, valuation and future of these assets. Being involved in cryptocurrencies myself and advising...
I've started this post to help those having trouble answering their Canada-US cross border expat tax and financial planning questions. Please leave your question in the comments and we'll do our best to help answer. Also don't forget to keep...
Question Hi Phil I stumbled across another of your articles and you may be the guy to help me with my ROTH IRA question. My wife and I will be moving to Vancouver in the summer and I'm wanting to do some...
While Disney’s fiscal second-quarter earnings and revenue were stronger than expected, the company’s long-term outlook may ultimately depend on its highly-anticipated video streaming service (set to debut in 2019) and whether it can close a deal for assets belonging...
The idea for Sarwa – a new low-cost wealth management firm which uses computer-generated algorithms – came to its co-owners after seeing numerous associates in the United Arab Emirates fall victim to fraudulent investment plans which benefited brokers at...
Gennaro Scerbo, a former investment adviser who worked for a branch of RBC Dominion Securities in Winnipeg, has been fined $485,000 – the largest fine in Manitoba’s history – by the Investment Industry Regulatory Organization of Canada (IIROC). Scerbo is...

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