Cross Border Taxation:  The Trump Factor

Tax and financial advisors need to pay attention to cross-border taxation issues for Canadian clients who have real estate or financial assets in the US, and for US citizens who live in Canada or face the real possibility of legal action for any failure to report to either government. The Distinguished Advisor Workshops (DAW) being held in six cities May 29 to June 6 will cover the most pressing questions advisors have in this area, together with detailed analysis of the March 22, 2017, federal budget.

Knowledge Bureau is pleased to announce that the session on cross-border taxation at DAW will clarify the rules and allow for questions and answers by one of Canada’s most experienced cross-border tax experts, Dean Smith, CPA, CA, Ph.D., CFP, TEP, CPA (Illinois), CPA, CA (Manitoba), Partner, Cadesky and Associates LLP, a boutique accounting firm based in Toronto. Dean has been involved with expatriate tax work for over 23 years, assisting companies moving employees around the world. His clients also include private individuals who have filings in multiple jurisdictions. Dean has been a member of Knowledge Bureau’s faculty since 2007 and is also a certificate course writer with Knowledge Bureau.

At this spring’s DAW, in which advisors can earn 10 CE/CPD credits, Dean will discuss the following:

THE COMPLIANCE MATTERS

• Citizenship vs Residency: How Canada and the US tax non-residents
• Filing requirements for Canadians who own US assets—financial and non-financial
• The effect of tax treaties
• Filing requirements for US citizens living in Canada
• Recent Canadian tax changes: T1135 and beyond

THE TRUMP TAX CHANGES

CROSS-BORDER CONSIDERATIONS:  Non-resident & Resident Aliens

• How to enter the US/Canada to work or live
• Snowbirds: Closer connection; rental income
• Tax consequences of terminating residence

FOCUS ON CANADIAN OFFSHORE INVESTORS:

• Special rules for investors—PFIC and FATCA
• Accounting for currency gains/losses
• US Estate & Gift Taxes: how to plan for and minimize them

PROACTIVITY:  What advisors need to know and do this year

Mark your calendar to attend this invaluable session and ask your most pertinent questions. Early Registration deadlines end May 15 and special rates are available for 2 or more attendees.  For more information and to register online click here or call 1-866-953-4764 now to reserve your seat.  The room availability will be filled first come, first served.

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