Services
Cross-Border Estate Planning
Those with assets, loved ones, or tax exposure on both sides of the Canada-US border face unique estate planning challenges. Both countries have different, often conflicting, tax rules about trusts and estates and each country has a unique tax at death regime. To make matters worse, each province and state has its own unique estate planning rules. A proper cross-border estate plan requires a cross-border legal and tax perspective. Specific issues that arise frequently include but are not limited to:
- Canadian residents inheriting from US trusts face Canadian income tax challenges;
- Canadians who own US real estate face US estate tax at their death
- Canadians who own US real estate require specific legal advice to make sure their wishes are carried out
- US citizens in Canada face double tax at death
- Canadians should be careful with US resident executors of their wills
Recently, Max Reed held an online seminar on the challenges of cross-border estate planning. You can view the presentation slides here (PDF format).
For more information about how our cross-border estate planning services can help you, you can read a quick summary here (PDF format).
Questions?
You can contact Max Reed to discuss this further.
+1-604-283-9301
max@polaristax.com