The most important consideration in this process is whether a client can use his or her foreign tax credits against other income in the year of transfer
The bill will mark the most far-reaching rewrite of tax law since 1986
Jamie Golombek discusses how proposed changes to the U.S. estate tax could affect high net-worth Canadians
Proposed tax changes in the U.S. - such as eliminating estate taxes and lower corporate taxes - could affect some of your wealthy clients, especially U.S. citizens and those who own property in the U.S.
Although lower taxes in the U.S. is causing young Canadian entrepreneurs to look south of the border, some Canadians are eager to return home
In part two of a three-part series about yearend tax planning, Jamie Golombek, managing director of tax and estate planning with CIBC Wealth Strategies Group, outlines new estate tax proposals from the 2016 U.S. presidential nominees, and the potential impact on your American clients.
Hillary Clinton and Donald Trump have completely divergent proposals on how to deal with U.S. estate taxes. Here's what to keep in mind for your clients who reside in the U.S. or who own property in the U.S.
The Internal Revenue Service now extends its reach to Canadian mutual funds held by American citizens who live in Canada. Know the rules so you can protect these clients from unnecessary taxes on their Canadian fund holdings
IRS may close program that let some dual citizens off the hook
Jamie Golombek, managing director, tax & estate planning, CIBC Wealth Strategies, highlights recent U.S. tax developments and their impact on clients who are required to pay U.S. taxes.