2024 Federal Budget - Planning for the Proposed Increase to the Capital Gains Inclusion Rate

 April 25, 2024 |Charles W. Cullen III
The recently released federal budget proposes to increase the capital gains inclusion rate to 66.67% from 50%. This change is scheduled to come into effect on June 25th, 2024. Although there are still lots of unanswered questions, there are already some...
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Canadian Non-Resident Withholding Tax

 April 10, 2024 |Charles W. Cullen III
For non-residents of Canada that have Canadian sourced income, it is important to understanding the potential withholding tax implications. As always, for a more detailed discussion, please reach out. Click Here
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Passive Foreign Investment Company (PFIC) Rules

 April 09, 2024 |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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Canadian Owners Renting or Selling U.S. Real Estate

 April 04, 2024 |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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