BMO Nesbitt Burns
730 View Street, 10th Floor
Canadian Snowbirds & US Income Tax
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
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
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
US Tax - Can You Afford to Play the Waiting Game?
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.