Passive Foreign Investment Company (PFIC) Rules

June 24, 2022 |Charles W. Cullen III
PFIC Rules (Passive Foreign Investment Company) relate to U.S citizens who reside outside the U.S. The rule looks to prevent U.S. citizens from deferring tax on passive income earned through non-U.S. corporations. It's a complex issue that we help many...
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Transferring a Bonus to Your RRSP Without Withholding Tax

October 28, 2021 |Charles W. Cullen III
If you receive a bonus or other lump sum payment as part of your compensation, and you have RRSP contribution room, considering asking your employer to pay the amount directly into your RRSP without withholding tax. This article explains how this can...
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Canadians Investing in Publicly Traded U.S. Securities

October 01, 2021 |Charles W. Cullen III
Since Canada represents only a small percentage of the world's economy, many Canadians invest in the U.S. stock market to diversify their portfolios. As a result, it's important to have a general understanding of the tax issues associated with such investments...
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Investment Holding Company

April 06, 2021 |Charles W. Cullen III
When it comes to earning investment income through a corporation, planning can often be complex. You not only have to consider the taxes payable at the corporate level but also at the personal level when withdrawing funds. Please see the attached article...
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2019 Year End Tax Planning

December 16, 2019 |Charles Cullen
As year-end approaches, taking some time to review your financial affairs may yield significant tax savings. To ensure that you leave no stone unturned, here’s a summary of some common year-end tax planning strategies. To continue reading, click here
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Transferring a foreign-based retirement plan to an RRSP

August 12, 2019 |Charles Cullen
We have been getting asked more frequently how to transfer a foreign-based retirement plan to an RRSP. The tax rules and considerations regarding moving foreign-based retirement plan assets to an RRSP can be fairly complex. To ensure that your own circumstances...
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Here's The Prescription

January 18, 2019 |Charles Cullen

Without the guidance of an advisor, the self-medicating investor might overreact to short-term market volatility by selling some of their investments.

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