Establishing an RESP

August 11, 2022 |Charles W. Cullen III
With kids heading back to school, it may be time for those who have not yet opened an RESP (Registered Education Savings Plan) to consider doing so. An RESP has many unique benefits that allow one to save for a beneficiary's education. To learn how to...
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U.S. Income Tax and Other Filing Requirements for U.S. Persons Living in Canada

August 04, 2022 |Charles W. Cullen III
The U.S. tax system imposes income tax based on both citizenship and residency status. Generally, this means American's living in Canada must file two tax returns annually. This article provides an overview regarding the common U.S. income tax and other...
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Tax Implications of Investing in the United States

July 28, 2022 |Charles W. Cullen III
For Canadian resident investors, withholding and income tax considerations when investing in U.S. based assets must be considered. After all, its not your gross returns that matter, but rather your after tax returns. To discuss strategies on how best...
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U.S. Estate Tax for Canadians

July 18, 2022 |John Donaldson
Many Canadians are unaware that owning U.S. property such as a U.S. listed equities or a condo in Florida may subject them to U.S. estate tax upon their death. This article focuses on different situations that will result in a U.S. tax return on death...
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Moving from Canada to the U.S.

July 07, 2022 |Charles W. Cullen III
Last week we looked at moving to Canada. Now, we are looking south of the border and the complexity surrounding moving from Canada to the U.S. For more information, please reach out. It is never too early to start planning. Click Here
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Moving to Canada

June 30, 2022 |Charles W. Cullen III
Moving is hard. This is especially true when moving to a new country. For people moving to Canada, this article provides an overview of the Canadian tax system and planning strategies to employ. For more information, please reach out. Click Here
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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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Wealth Planning Strategies During a Market Downturn

June 17, 2022 |Charles W. Cullen III
During periods of market stress it is very common to focus on potential changes to the portfolio. However, there are many tax, estate and financial planning opportunities to explore. In fact, certain strategies can be even more effective during a market...
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Charitable Donations

June 10, 2022 |Charles W. Cullen III
To incentivize giving, the government provides a tax credit when making an eligible charitable donation. How to qualify, and how the tax credit is calculated can be found in this article. Any questions, on this or other charitable giving strategies, please...
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Locked-in Retirement Plans

May 12, 2022 |Charles W. Cullen III
What happens to your pension when you leave your employer? Often, you will be given the option to transfer all or part of a lump-sum payment to a locked-in retirement account on a tax deferred basis. There are various types of plans, which can depend...
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