Advisor.ca – Client caught in cross-border trap

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Matt C. Altro and Jonah Z. Spiegelman were recently interviewed by Dean DiSpalatro from Advisor’s Edge to analyze a case study about cross-border traps. The analysis was published in the June edition of the Advisor’s Edge magazine and also appeared online on Advisor.ca.

In the article, Matt and Jonah review what mistakes “Rob” has made as an American who has moved to Canada and what he should have done to be tax compliant in both countries among other cross-border traps that he fell into. Click here to view the article online or scroll down to read an excerpt from the piece. Read the rest of this entry »

May 2014 – Dollars and Sense Radio Show

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Montreal, Quebec – May 22, 2014

On the May 22nd episode of Dollars and Sense on CJAD 800 AM, David A. Altro, Managing Partner, Florida Attorney & Canadian Legal Advisor, was joined by Matt C. Altro, Cross Border Financial Planner, Partner & COO at Altro Levy LLP and Principal & CEO at MCA Cross Border Advisors Inc.

The show featured David Altro’s and Jonah Spiegelman’s new book Americans Living in Canada – Smile, the IRS is Watching You by reviewing key topics discussed in the book. The book breaks down complicated tax laws and estate planning into four main sections: Read the rest of this entry »

The Montreal Gazette – Tax Strategy: Expert Tackles Cross-Border Queries

David A. Altro Featured in the Montreal Gazette

David A. Altro is a regular 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 answer to three reader questions. Read the rest of this entry »

Shlomi Steve Levy Interviewed on Canal Argent (April 2014)

Shlomi Steve Levy, Partner at Altro Levy LLP, was recently interviewed on the French television show Questions d’argent airing on Canal Argent. In the month of April, Shlomi was invited as a guest to the show twice to discuss the topics of the April 1st US visa lottery & alternative immigration options and why Canadians may need to file with the IRS. In the interviews many topics relating to planning strategies were explored. The interviews can be viewed by clicking play on the videos below. Note that the interview is only available in French.

Video from April 7, 2014 (US Immigration Options):

Video from April 24, 2014 (Canadians and the IRS):

April 2014 – Dollars and Sense Radio Show

CJAD April 17 2014

Montreal, Quebec – April 17, 2014

On the April 17th episode of Dollars and Sense on CJAD 800 AM, David A. Altro, Managing Partner, Florida Attorney & Canadian Legal Advisor, was joined by Matt C. Altro, Cross Border Financial Planner, Partner & COO at Altro Levy LLP and Principal & CEO at MCA Cross Border Advisors Inc.

The show focused on what Snowbirds who are returning from the sun may have done wrong while in Florida and how mistakes can be fixed. The topics discussed included: pitfalls for Canadians owning US property, US resident status, liability on rental properties, US citizenship/moving to the US and tax for Americans living in Canada. David and Matt also answered several caller questions during their monthly show. Read the rest of this entry »

Good Life Connoisseur – Snowbirds Looking to Nest in the U.S.A.

David A. Altro Featured in: Good-Life Connoisseur

David A. Altro was asked to write an article for the Good Life Connoisseur magazine, which appeared in the magazine’s Spring 2014 Edition on page 32.

In the article, David explains the key tax and legal developments for Snowbirds to be aware of for 2014 based on changes that occured in 2013 and scheduled changes for 2014. The tax and legal developments are discussed in terms in US estate tax for Canadians, immigration options, the entry/exit initiative and health care in the US. Your can click here to view the article online or scroll down to read David’s article. Read the rest of this entry »

Advisor.ca – Reduce taxes for Canadians with U.S.-resident children



David A. Altro and Jonah Z. Spiegelman recently co-authored an article which appeared on Advisor.ca and is scheduled to appear in the April or May 2014 edition of Advisor’s Edge magazine.

In the article, David and Jonah explain the considerations and opportunities that Canadians should keep front of mind if they have US-resident children who will inherit their estate. Click here to view the article online or scroll down to read an excerpt from the piece. Read the rest of this entry »

March 2014 – Dollars and Sense Radio Show



Montreal, Quebec – March 20, 2014

On the March 20th episode of Dollars and Sense on CJAD 800 AM, David A. Altro, Managing Partner, Florida Attorney & Canadian Legal Advisor, was joined by Matt C. Altro, Cross Border Financial Planner, Partner & COO at Altro Levy LLP and Principal & CEO at MCA Cross Border Advisors Inc.

The show focused on cross border issues that are changing or important timely matters for Canadians and Americans living in Canada to be aware of. The topics discussed included: the information flow between Canada & the US, cross border planning for same-sex couples, green cards & the US, income tax filings for Americans living in Canada & Canadians with US rental properties, and the return of the Snowbirds. David and Matt also answered several caller questions during their monthly show. Read the rest of this entry »

Le Journal de Montréal – “Not many selected for work visas”



Shlomi Steve Levy, Partner at Altro Levy LLP, was recently interviewed by Michel Munger from the French newspaper Le Journal de Montréal. The article is about the visa lottery which takes place during the first week of April for work visas to the US, and the other options available for Canadians. The article can be viewed online by clicking here, and is also below in French. Read the rest of this entry »

The Future of FATCA in Canada: Pros and Cons of the IGA



The U.S. Foreign Account Tax Compliance Act, more commonly known as FATCA, was passed in 2010. FATCA requires foreign financial institutions (“FI”s) to report on the account information of U.S. citizens and residents (including dual citizens) to the IRS starting in July 2014.

Although the requirement to report directly to the IRS violated Canadian privacy laws, there were withholding tax consequences for non-compliance with FATCA. The uproar in Canada over the privacy issue and the financial costs of implementing FATCA led to the signing of an intergovernmental agreement [“IGA”] between Canada and the U.S. on February 5, 2014. Read the rest of this entry »