Bidens potential tax changes and how it may affect Canadians

Nov 19, 2020 | Jeremy Goldfarb


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Admittedly, the attached PDF could be considered a "big" article. Not so much in terms of its total size, but more in terms of its content. I would strongly suggest that anyone with US exposure of any sort heed some of the advice here and speak with your tax professional about what potential US tax changes might mean to you. 

 

For most of us Canadians living in Canada, there are very few elements of this article to be mindful of. Run of the mill items such as: 

  • non-registered investment accounts and US based holdings
  • US real estate owners (purchasers, sellers) 
  • US estate tax implications

Not exhaustive, but your standard "stuff". For others however (dual citizens for example) you may want to pay closer attention. For the purpose of this post, I will not get into specific detail. I will simply leave you to read the attached article. 

 

Read. Share. Discuss (with your accountant!!) 

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Estate planning Tax