IN FOCUS: Cross Border Tax Planning

Home In Focus: Cross Border Tax Planning

Multiple investors? Time to plan before you purchase!
The adage “there is safety in numbers” usually holds true, but when it comes to a number of individuals pooling their money to buy U.S. properties as a group, there are significant implications that many investors simply don’t consider.
Beating the taxman through bequests, treaties and credits
When you leave a property to your spouse, you also leave a tax bill, but there’s one way to keep some of that money from going to the U.S. Internal Revenue Service.
Ready to buy in the U.S. – a caveat emptor for Canadians
The property-buying blitz has stretched right across the US, but snatching up those deals has saddled Canadian buyers with higher-than-expected estate taxes
Death and taxes: they are unavoidable in the U.S. too
A growing number of Canadian investors in American property have come up against a hard truth: the taxman will get you if you’re not prepared
Canadian owners of U.S. properties: it is time to pay the piper
After the market crash of 2008, properties were dirt cheap in the U.S., and Canadian investors were gobbling up as much as they could – especially with a strong Canadian dollar to sweeten the deal.

Ward Chisholm, P.C. is a firm of tax lawyers with offices in Bethesda, Maryland, McLean, Virginia, and Vancouver, British Columbia. We have a broad-based U.S. domestic and foreign tax practice, which focuses on Canada-U.S. cross border planning. While the firm is small enough that our lawyers practice in a collegial setting, the practice of each lawyer in the firm varies. Our senior lawyers have primarily transactional practices, focusing on tax planning for individuals and businesses. Primary practice areas of other lawyers include FATCA compliance, estate planning, estate administration, and tax controversy representation before the U.S. Internal Revenue Service