David A. Altro featured in the Montreal Gazette Monday, February 20, 2012

Tax Strategy: Marriage affects tax exemption on principal home

David A. Altro is a frequent contributor to Paul Delean’s business column in the Montreal Gazette. Click here to view the article online or scroll down to read David’s answers to the second and third questions.

PAUL DELEAN
The Gazette
Monday, February 20, 2012


The impact of marriage on the principal-residence exemption and tax obligations in the U.S. for Canadian citizens were among the topics raised in the latest batch of reader letters. Here’s what they wanted to know. Read the rest of this entry »

Dollars and Sense Radio Show – February 2012

Montreal, Quebec – February 23, 2012

On the February 23rd episode of Dollars and Sense on CJAD 800 AM, host, Matt Altro and legal expert David A. Altro discuss cross border issues including how the U.S. presidential election will affect Canadians who own property in the U.S. Specifically, the upcoming changes to the U.S. estate tax laws.

David explains capital gains tax rates in the U.S. and the various tax rates for different ownership structures.

Matt and David take a caller question from Seth about fees for Canadians upon purchasing U.S. property and explain the issue of probate using an example from a real-life client.

In Part 3, Dino calls in with a question about various structures to hold title of U.S. property. Lyne is also concerned about putting an inherited property in her name.

Sheldon is very concerned about tax after a meeting with his accountant in Canada. David explains the taxes owed for Canadians who own property in the U.S. including U.S. estate tax exposure, gift tax and more.

Part 1

Part 2

Part 3

Part 4

Part 5

David A. Altro Published in STEP Journal – February 2012



Frozen Over
By David A. Altro and Ben Jeske


Estate freezes have been in Canada since the introduction of federal capital gains taxation 40 years ago. Along with the capital gains tax (CGT) on properties sold by taxpayers, the so-called death tax was also brought in. Essentially, when a taxpayer dies, they are deemed to have sold all their assets at fair market value, and will be assessed for CGT on all accrued gains. The estate freeze, in essence, is an attempt to cap the value of the assets owned by a taxpayer that would be subject to the death tax. Therefore, the estate freeze generally involves the conversion or exchange of assets susceptible to capital appreciation for assets that retain a fixed monetary value. Read the rest of this entry »

Ask the Experts Radio Show – February 2012


On the February 2012 episode of Ask the Experts on Newstalk1010, Managing Partner David A. Altro and Chief Operating Officer Matt Altro speak about the many issues that Canadians need to be aware of when considering buying property in the U.S. and moving to the U.S.

David discusses his book, Owning U.S. Property – The Canadian Way, 2nd Edition and host Iain Grant reads real life examples about probate, incapacity and U.S. estate tax. Read the rest of this entry »

Dollars and Sense Radio Show – January 26, 2012

Montreal, Quebec – January 26, 2012

On the January 26th episode of Dollars and Sense on CJAD 800 AM, host, Matt Altro and legal expert David A. Altro discuss all the important issues surrounding Canadians buying property in the U.S. and moving to the U.S.

They discuss renting vs. buying property in the U.S., the questions to consider when choosing the right structure to hold title of your property, the state of the real estate market in Florida, how to protect yourself and your family from the U.S. probate procedure, creditors, taxes and much more. Read the rest of this entry »