David A. Altro was interviewed by Amanda Lang and Kevin O’Leary live on CBC’s national talk show, David A. Altro Interviewed on The Lang and O'Leary ExchangeThe Lang and O’Leary Exchange, on Wednesday, December 14th, 2011.
David discussed the demand for U.S. property by Canadians due to the market trends of low property prices and the high Canadian dollar.
He warned viewers of the potential pitfalls for Canadians buying property in the U.S. such as owning the property in the wrong structure or title, U.S. estate tax and probate procedure.
He also explained the upcoming changes to the U.S. tax laws and various tax rates and how a Cross Border Trust can help to reduce tax exposure and avoid double taxation.
Click here to watch the program. Fast forward to 47 minutes into the program to watch David’s interview.