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...
Read more

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...
Read more

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...
Read more

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....
Read more

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
Read more