Wealth Advisor, Portfolio Manager, CIM
BMO Nesbitt Burns
1 First Canadian Place
39th Floor, P.O. Box 150
Strategic commentary and an overview of financial markets.
This report provides an overview on the taxation of eligible dividends, in light of recent changes.
Although Canadian snowbirds reside in the U.S. for only a part of the year, there is the potential of being considered a U.S. resident and, in turn, having to pay U.S. income tax on the same basis as a permanent U.S. resident. This article outlines how the U.S. government determines whether you are a resident for income tax purposes; namely, it covers the criteria for meeting the Substantial Presence Test, Closer Connection Exception and the Canada U.S. Income Tax Treaty Tie-Breaker Rules.
This is a helpful resource summarizing important tax, retirement and estate planning information.
If you own a vacation property, this provides information on the tax consequences of selling a second home and highlights important estate planning considerations, if your plan is to keep your vacation property in the family for the next generation.
Today, the modern family comes in many different shapes and sizes; this diversity is having an impact on family relationships and the way families interact when addressing estate planning.
A quarterly publication written by BMO Subject Matter Experts on a variety of timely and relevant wealth management topics.