Canada, Estate Tax

Canadians who own US Real Estate – US Estate Tax Implications

Cole Schotz on 9/8/2023

Many Canadians own US-situs real estate, whether it is in New York, Florida, California or elsewhere in the US. It is often a surprise (or a “trap for the unwary”) to Canadian clients (or for that matter, any non-US client)...more

Foreign Individuals Holding U.S. Real Property, or Left Holding the Bag?

Rivkin Radler LLP on 2/22/2023

There have been some interesting developments of late with respect to the ownership of real property in parts of the English-speaking world. For example, Canada has imposed a temporary ban on the purchase of such property by...more

Important Tax Changes Coming into Effect in Canada

Miller Canfield on 2/15/2023

The new year has brought with it some important tax changes for businesses and residential property owners in Canada....more

Canada Proposes New Tax Reporting Requirements for Bare Trusts

Bennett Jones LLP on 3/9/2022

Bare trusts across Canada could soon be required to file annual returns with the Canada Revenue Agency, or face large penalties for failing to report....more

Tax Relief for Intergenerational Transfers in Force…For Now

Bennett Jones LLP on 7/26/2021

The Federal Government has backtracked on its plan to delay the application of Bill C-208, a private member's bill aimed at facilitating intergenerational transfers of small businesses and farms. Until at least November 1,...more

International Tax Treaty: Canada

Freeman Law on 11/6/2020

Quick Summary. In 1867, the United Kingdom passed a Parliamentary act establishing what is now known as Canada. Today, Canada, the largest country in the Western Hemisphere, is a federation of ten provinces and three...more