Blog Posts

Canadians Owning U.S. Real Estate and the U.S. Estate Tax

Tuesday, October 18, 2011 by James Meadow
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Many Canadians are surprised to learn that their estates may be subject to the U.S. estate tax to the extent that they hold certain property situated or deemed to be situated within the United States. The most common examples of such property are U.S. real estate and securities issued by U.S. corporations.
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Freehold Mineral Rights: Canadian Resource Property for Income Tax Purposes

Friday, September 16, 2011 by Stino Scaletta
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A Freehold Mineral Right is Canadian Resource Property for income tax purposes and is not considered capital property; as any gain on the disposition of Canadian Resource Property either on a sale or upon death will be taxed at the 100% inclusion rate.
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The Purification of a Corporation

Tuesday, July 12, 2011 by Stino Scaletta
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Successful businesses that operate in a corporate structure can find situations where excess cash/investments can create adverse tax consequences because the shares of a company may not qualify for the capital gains exemption either on the sale of the shares by the individual or on the death of the shareholder.
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