Locked-in Retirement Plans

 September 13, 2024 |Charles W. Cullen III
What happens to your employer pension plan when you leave your current employer? Typically, you will have a few different options to consider. This article walks through some of the considerations. For more information on what is best for your specific...
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Principal Residence

 September 05, 2024 |Charles W. Cullen III
For many, purchasing your primary residence is the largest purchase you will make in your life. This article discusses a number of tax and estate planning questions surrounding the principal residence exemption. As always, for more information, please...
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Alter Ego and Joint Partner Trusts

 August 22, 2024 |Charles W. Cullen III
There are many tools that can be used for planning during your lifetime and beyond. One common approach is the alter ego or joint partner trust. Click to read on the benefits and drawbacks. For more details, please reach out. Click Here
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Alternative Minimum Tax (AMT

 August 15, 2024 |Charles W. Cullen III
Alternative Minimum Tax has been in effect since 1986, however, in 2023 the federal budget broadened the impact it may have on high-income earners. To learn more, please click the article. To have a more thorough conversation, please reach out. Click...
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Establishing an RESP

 August 08, 2024 |Charles W. Cullen III
As we enter another school year it is important to revisit the primary vehicle to save for post-secondary education - the Registered Education Savings Plan or RESP. To learn about the benefits, please click the link. To see if this makes sense for you...
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Determining Your Tax Residency Status in Canada

 August 01, 2024 |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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Moving to Canada from the U.S.

 July 25, 2024 |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.

 July 18, 2024 |Charles W. Cullen III
There are many reasons why Canadian's 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...
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U.S. Estate Tax, Canadians Owning U.S. Real Estate

 July 11, 2024 |Charles W. Cullen III
To escape the cold winters it is no surprise that many Canadians spend time in the U.S. If you are considering the purchase of your own property down south, it is important that you understand the tax implications of ownership during your lifetime and...
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Taxation of Canadian Registered Savings Plans for U.S. Persons

 July 04, 2024 |Charles W. Cullen III
There are a number of registered savings plans available to Canadian residents that provide tax and other benefits. For U.S. persons who have an interest in these plans, there may be punitive U.S. and / or additional U.S. filing requirements. To learn...
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