Todd Hummel
Investment Advisor
Tel:
250-655-2210
Toll Free:
1855-743-6457
Fax:
250-655-2212
Address
BMO Nesbitt Burns
730 View Street, 10th Floor
Victoria, BC
V8W 3Y7
Map
Contact Us
US Residence
Canadian Snowbirds & US Income Tax
If
you are a Snowbird, you should be aware of the potential liability to
pay U.S. Income Tax on the same basis as a permanent resident of the
U.S. Take the Closer Connection test here to determine if you need to
file for an exemption.
Tax & Estate Consequences of Investing in US
If
you own U.S. securities such as stocks issued by a U.S. corporation or
real property located in the U.S., you may also have to pay U.S. income
and estate tax. There are ways to take advantage of reduced U.S.
withholding taxes on certain securities, and general planning techniques
to minimize your U.S. estate tax.
US Estate Tax for Canadians
This
article explains the potential cost of US Estate Tax for the estate of a
Canadian and suggests a number of planning opportunities that may be
available.
US Tax - Can You Afford to Play the Waiting Game?
If
your World Wide Property currently exceeds $2,000,000US, you may want
to consider whether you have a potential US estate tax liability after
the available credits.