U.S.-Canadian Tax and Estate Planning for Cross-Border Clients
Reconciling U.S. and Canadian Law on Trusts, Deemed Dispositions on Death, Situs Wills, and Wealth Transfers
Recording of a 90-minute CLE/CPE webinar with Q&A
This CLE/CPE webinar will provide estate planners with a comprehensive guide to estate planning tax challenges and opportunities for clients who have a tax presence in both the United States and Canada. The panel will discuss the U.S. tax law and treaty provisions that govern tax and fiduciary rules in both Canada and the United States. The webinar will focus on the U.S. tax and other consequences for Canadian clients with U.S. tax presence and U.S. taxpayers with Canadian-based pensions and other assets.
- U.S. estate tax regime
- Canadian “deemed disposition” rules
- Tax treaty credit provisions
- U.S. and Canadian tax treatment of trusts
- Filing and reporting deadlines and timelines to consider
The panel will review these and other essential issues:
- When is it appropriate for clients to have separate estate plan documents specific to the U.S. and Canada?
- How does the “deemed disposition” rule work to create a recognition event upon death or transfer of assets deemed to be Canadian-sourced?
- What are the tax treaty provisions to ameliorate dual taxation issues in estates and post-mortem tax events?
- How to avoid inadvertent gift tax triggering events on spousal transfers
- Options for transferring estate assets outside of an estate in Canada
Senior Vice President, Private Client Group, Portfolio Manager
Mr. Coleman started in the industry in 1992 and with Raymond James in 2012, providing comprehensive wealth services for... | Read More
Mr. Coleman started in the industry in 1992 and with Raymond James in 2012, providing comprehensive wealth services for a variety of clients. During this time, he has been managing brokerage offices, spearheading industry trends and leading his team at Coleman Wealth to new territory. Among his many professional accreditations are Canadian Investment Manager, Financial Management Advisor and Fellow of the Canadian Securities Institute, with a Level II Life Insurance License and an Honours B.Comm from Ryerson University. He was one of the first Canadian professionals to attain the Professional Financial Planner, Certified Financial Planner and Certified Hedge Fund Specialist designations. Due to his success as an advisor in alternative investments, Mr. Coleman was the first advisor to sit on committees for the Alternative Investment Management Association (AIMA), and on the Board for the Hedge Fund Association, as a Member and an Instructor.Close
Catherine B. Eberl
Ms. Eberl regularly advises clients on all aspects of estate planning, including estate, gift, and fiduciary income tax... | Read More
Ms. Eberl regularly advises clients on all aspects of estate planning, including estate, gift, and fiduciary income tax planning; cross-border estate planning; charitable giving; and family business succession planning. She regularly practices in Surrogate's Court and counsels both fiduciaries and beneficiaries with respect to the administration of trusts and estates. Ms. Eberl also advises both private foundations and public charities on governance issues and on satisfying IRS operational requirements.Close
Britta L. McKenna
Ms. McKenna concentrates her practice in all areas of domestic and complex cross-border estate and trust matters,... | Read More
Ms. McKenna concentrates her practice in all areas of domestic and complex cross-border estate and trust matters, including planning for high-end estates, estate and trust administration, and the preparation of wills, trust agreements and other estate planning documents. She regularly counsels individuals regarding a variety of cross-border issues, including U.S. tax planning for foreign spouses, U.S. beneficiaries of Canadian estates, and Canadians with U.S.-situs assets. Ms. McKenna also advises on the U.S. tax implications of Canadian family-owned business estate plans. She counsels both individuals and entities regarding U.S. tax compliance, estate planning for U.S. citizens living abroad, tax advice and structuring for foreign nationals acquiring U.S. assets, and estate and trust dispute proceedings.Close
Max Reed, LLB, BCL
As a cross-border tax lawyer, Mr. Reed assists clients with tax problems that span the US/Canada border with a... | Read More
As a cross-border tax lawyer, Mr. Reed assists clients with tax problems that span the US/Canada border with a particular emphasis on US taxation for Canadian corporations, trusts, and individuals. He has written widely on the topic of cross-border taxation and is the co-author (with Dick Pound of Stikeman Elliot) of A Tax Guide for American Citizens in Canada, technical articles on the U.S. tax treatment of the Tax Free Savings Account and Canadian mutual funds, and a series of columns for the National Post. One of this articles was given a technical award by the Canadian Tax Foundation. He is regularly invited to speak on cross-border tax issues.Close