RRSPs – Cross-Border Rollovers and Other Opportunities for Tax Deferrals & Savings

The owner of a registered retirement savings plan (“RRSP”) (whether before or after its maturity) is deemed to have disposed of the account upon death and the full value of the RRSP is brought into the deceased owner’s income in her terminal income tax return. Read the rest of this entry »

US taxpayers with RRSPs? File now to avoid penalties!

As cross border tax advisors, we routinely meet with American citizens who have lived in Canada for many years without understanding their tax obligations in the US. A similarly complex situation may arise for Canadian citizens who have moved to the US for work or retirement. Even those who are compliant with the income tax filings are sometimes surprised at the reporting that is required to maintain full compliance with US income tax laws. Read the rest of this entry »

Shlomi Steve Levy Featured in Les Affaires on September 21, 2013

Shlomi Steve Levy, Partner at Altro Levy LLP, was recently interviewed by writer Martin Jolicoeur from the French newspaper Les Affaires. In his interview many topics relating to Snowbirds and their cross border needs were explored, with a focus on cross border tax planning. The article can be viewed online by clicking here, and is also below in French. Read the rest of this entry »

Expatriation: What it means to be a “covered expatriate”

Expatriation has become somewhat of a hot topic in recent years with the increased filing requirements that the Internal Revenue Service (IRS) imposes on their citizens living outside of the United States. Whether you lived in the U.S. for half of your life or you simply had the pleasure of being born on the other side of the border, Canadians who also hold U.S. citizenship have increasingly been looking for a way to renounce their American citizenship. Read the rest of this entry »

Putting the LLC Debate to Rest

Canadians are still running to the US in hopes of yielding a higher rate of return by investing their hard earned money across the border. Many of these investments include US real estate, whether it is a multitude of rental properties, one for personal use by the family or simply for retirement. No matter what your reason for wanting to get involved in the US real estate market the same question is always asked, how should you hold title to this US property? Read the rest of this entry »

Fall 2013 Seminar Series by Altro Levy

This upcoming Fall season, Altro Levy will be hosting eight seminars across Canada and one webinar. Seminars will be held in the following cities:

  • Oakville, ON – October 16, 2013
  • Toronto, ON – October 17, 2013
  • Calgary, AB – October 22, 2013
  • Montreal, QC (French) – October 23, 2013
  • Laval, QC (French) – October 24, 2013
  • Vancouver, BC – October 29, 2013
  • Ottawa, ON – October 29, 2013
  • Montreal, QC (English) – October 30, 2013
  • Webinar (English) – November 5, 2013

To register for a seminar please follow this link to register online.

More details about the events are available on our website on the “Seminars” page which can be viewed by clicking here.

David A. Altro & Matt C. Altro Featured in the Montreal Gazette September 3, 2013

David A. Altro and Matt C. Altro are regular contributors to Paul Delean’s business column in the Montreal Gazette. Click here to view the article online or scroll down to read David and Matt’s answer to the reader question. Read the rest of this entry »