In our firm's latest podcast, Kenneth Keung and Kim G C Moody discuss a topic that has becoming very prevalent in the past few years: Canadians wanting to move to the U.S. for either personal or business reasons (or both). They discuss:
- The reasons why Canadians are interested in this topic.
- Important non-tax considerations when planning a move to the U.S. with the most important consideration being immigration planning.
- Tax considerations such as dealing with the "departure tax", dealing with future dispositions of property when in the U.S. and ensuring your holdings are "cleaned up" to avoid future reporting and tax complications.
- What will your life look like after you are living in the U.S.?
- The importance of ensuring your estate planning is revised to consider such an important change.
Happy listening!
To listen to the podcat, click here.
Moodys Tax Law is only about tax. It is not an add-on service, it is our singular focus. Our Canadian and US lawyers and Chartered Accountants work together to develop effective tax strategies that get results, for individuals and corporate clients with interests in Canada, the US or both. Our strengths lie in Canadian and US cross-border tax advisory services, estateplanning, and tax litigation/dispute resolution. We identify areas of risk and opportunity, and create plans that yield the right balance of protection, optimization and compliance for each of our clients' special circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.