Montreal, Quebec – September 27, 2012
On the September 27th episode of Dollars and Sense on CJAD 800 AM, host and Certified Financial Planner, Matt Altro and legal expert David A. Altro discuss buying property in the U.S. and how Altro & Associates assists Canadians with this process.
In the first segment of the show, listen to David Altro discuss dual citizenship and what happens to the assets of dual citizens upon death, exposure to U.S. estate tax, and the upcoming changes to the U.S. estate tax exemption.
Next, the serious topic of how to hold title for U.S. properties is addressed, while touching on important concepts such as Limited Liability Companies (LLCs), double taxation, inheritance issues and probate.
The focus in the third part shifts from owning U.S. property to moving to the U.S., where Matt Altro takes the lead and lists the differences in the income tax rates between Canada and the U.S. Matt also explores the impact of moving to the U.S. with respect to Canadian RRSPs.
To finish the show, there are questions from callers Ruth, Jack and Ken that relate to Quebec wills, incapacity, cross border trusts, limited partnerships and immigration to the U.S. To listen to the whole show, simply click on the audio players below.