US Estate Tax May be Payable by Canadians

US Estate Tax May be Payable by Canadians

Canada-U.S. Tax Treaty Article XXIX B Taxes Imposed by Reason of Death A U.S. estate tax return must be filed if a deceased Canadian resident who is not an American citizen-owned U.S.-situated asset exceeding $60,000 fair market value at death.  However, if the...
GATCA is coming to town

GATCA is coming to town

As many of you know, the United States has implemented FATCA (Foreign Account Tax Compliance Act), requiring financial institutions around the world to report the names of their depositors who are US persons (hence potentially liable to pay US tax) – or else face a...
Exceptions to the Substantial Presence Test

Exceptions to the Substantial Presence Test

Hi! In the post Overstayed Your Welcome? “Substantial Presence” in the USA & Foreign Teacher, Student, Trainee or Government Employee in the US? How to Prevent US Taxation on Your Worldwide Income, Virginia La Torre Jeker J.D. describes the substantial presence...