Withdrawing from an RESP

 August 08, 2025 |Charles W. Cullen III
If you’ve established a registered education savings plan (RESP), you may now be wondering how you can access the funds in the plan. This article explores the different types of RESP withdrawals. It also discusses the issues that may arise if the subscribers...
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Passive Foreign Investment Company (PFIC) Rules

 July 31, 2025 |Charles W. Cullen III
For U.S. persons living in Canada, knowing the Passive Foreign Investment Company (PFIC) rules is extremely important. Examples of holdings that typically fall under these rules are Canadian mutual funds and exchange trade funds. For more information...
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U.S. Estate, Gift and generation-Skipping Transfer Tax

 July 24, 2025 |Charles W. Cullen III
The U.S. tax system is composed of an income tax system and a transfer tax system. The transfer tax system includes a gift tax, an estate tax and a generation-skipping transfer tax. For more information, click the link - and for a more formal discussion...
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Canadian Owners Renting or Selling U.S. Real Estate

 July 17, 2025 |Charles W. Cullen III
Looking to escape the long and cold winter, many Canadians are now called "snowbirds" - flocking to popular warm-climate destinations in the U.S. However, owners of these properties should be aware of the potential U.S. tax issues they may face. For more...
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Determining Your Tax Residency Status in Canada

 July 10, 2025 |Charles W. Cullen III
In Canada, unlike the U.S., the income tax system is based on Canadian residency status. This articles discusses some of the factors that are considered when determining your residency status for Canadian tax purposes and some potential implications....
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U.S Estate Tax - Strategies for Canadians with Exposure

 July 03, 2025 |Charles W. Cullen III
Many Canadians do not realize that they may be exposed to U.S. estate tax. Planning that can reduce or eliminate this exposure may be optimal and something we look at for all our clients. For more information, please reach out. Click Here
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Are you thinking of leaving the U.S. tax system?

 June 26, 2025 |Charles W. Cullen III
For those who are contemplating leaving the U.S. tax system, many issues may arise. For an overview of the U.S. exit tax law, please click the link. For more information, please reach out. Click Here
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Moving to Canada From the U.S.

 June 19, 2025 |Charles W. Cullen III
Are you a U.S. citizen or green-card holder who is moving to Canada? One thing you should be aware of is that you will be subject to both the Canadian and U.S tax system. For help navigating this and other cross-border considerations, please reach out...
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Moving from Canada to the U.S.

 June 12, 2025 |Charles W. Cullen III
There are many reasons why Canadians find themselves moving to U.S. Regardless of the reason, it is important to be aware of the tax and estate planning issues that can arise as a result of your move as well as planning opportunities you may be able to...
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Transferring a Foreign Pension Plan To Your RRSP or RRIF

 June 09, 2025 |Charles W. Cullen III
When people work abroad, they will often accumulate a pension in that country. For some, they then look to consolidate that pension with your RRSP or RRIF. To learn more, click the link. To have an in-depth conversation on your unique circumstances, please...
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