Advisor.ca – How to bring 401(k)s and IRAs to Canada

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Matt C. Altro was recently interviewed by Melissa Shin from Advisor’s Edge to analyze the consequences and opportunities when it comes to crossing the Canada/US border with retirement accounts. The analysis was published in the September edition of the Advisor’s Edge magazine and also appeared online on Advisor.ca.
In the article, Matt reviews the various options individuals face with regards to their 401(k)s, key questions one should be asking when holding 401(k)s if they have a cross border lifestyle, and he also shares various tips and tricks for retirement accounts. Click here to view the article online or scroll down to read an excerpt from the piece.

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David A. Altro Presenting at a Seminar by one of the largest US home builders: Lennar

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The Managing Partner of Altro Levy LLP, David A. Altro, has been invited by Lennar International, the second largest home builder in the US, to be their guest speaker at upcoming seminars. There are three upcoming events:

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Is the Florida Land Trust the Right Plan for Canadians?

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Originally published in November 2013 by Meghan L. Weinstein
Updated in July 2016 by Shlomi Steve Levy and Jonah Spiegelman

The Florida Land Trust (“FLT”) is sometimes recommended as a structure to hold title of their personal use U.S. real property. It is relatively inexpensive to set up, and is an effective way of avoiding probate on the assets inside the trust. It may also avoid incapacity issues if properly set up. For Canadians owning U.S. real property, however, the FLT may not be ideal. This blog explores the issues that can arise for Canadians holding assets in an FLT. Read the rest of this entry »

Advisor.ca – Disability tax credits for dual residents

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David A. Altro recently wrote an article which appeared on Advisor.ca and in the Advisor’s Edge magazine. In the article, David explains how disability tax credits are available and when they can be claimed in the Canadian and US tax systems. Click here to view the article online or scroll down to read and excerpt of the piece. Read the rest of this entry »

Expatriation: An Overview for Americans Living in Canada

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In 2015, Americans living abroad renounced their US citizenship in record numbers. Americans living in Canada accounted for many of these expatriations.

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Snowbirds cash in on strong U.S. house prices, low loonie – Yahoo News

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Shlomi Steve Levy was recently interviewed by Aviva West for an article which appeared on Yahoo Canada News. In the article, Aviva and Shlomi review various options available for Canadians who already own US Real Estate. The article shows how the falling Canadian dollar is inciting some but not all Canadians to sell their U.S. property, and also reviews the tax implications for Canadians selling U.S. property.

Click here to view the article online or scroll down to read the piece.

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FIRPTA – New Withholding Tax Requirements for Non-Residents

Blog by Jason S. Ansel

Currency Opportunity for Canadians

The current value of the Canadian dollar has presented many Canadians with an opportunity to realize significant capital gains when selling their US real estate. These types of profits would have otherwise been unattainable had the dollar kept its value in the global market. This opportunity is not one that is likely to be seen again for a long time, which is why so many Canadians are cashing out and listing their US properties. Read the rest of this entry »

Playing the Currency Game with US Dollars & US Real Estate

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Is it a good time to buy real estate? This is a question you can hear most days, in most cities. However, for Canadian snowbirds this is a big question as they venture south to spend the winter months in the sun of Florida and other sunbelt states. This begs the question: is it a good time for Canadians to buy US real estate?

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Canadians Clamour to Renounce US Citizenship

Blog by Shlomi Steve Levy

Last year, I wrote about the cost of renouncing US citizenship. In 2014, the US government raised the rate to renounce from $450 to $2350. Despite the increased fee, in 2015, 4279 US citizens renounced their citizenship – the largest number in history. This figure represents a significant increase when compared with the 2014 figure of 2999 expatriates. It is estimated that Canadians make up a large percentage of these expatriates. Read the rest of this entry »

Advisor.ca – Low loonie = opportunities for U.S. real estate

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Shlomi Steve Levy was recently interviewed by Susan Goldberg for an article which appeared on Advisor.ca. In the article, Susan and Shlomi review various options available for Canadians who already own US Real Estate. The article shows how the falling Canadian dollar may benefit Canadians who have already invested in the US market by following one of these four options: sell, rent your place, refinance or downsize.

Click here to view the article online or scroll down to read an excerpt from the piece.

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