International

Total 44 Posts

Estate and Will Planning with China

• • 1 Comment

This article will highlight some considerations Canadian advisors may want to ponder when advising clients with assets in China. Cross-border estate and Will planning involving China is complex thus, I must admit the information is high level and based on my personal experience. Will Planning Clients residing in Canada with property in China may erroneously believe their Will executed in China will be held valid in Canada. Is this the….

Estate and Will Planning with China Continue Reading »

China, International, Succession Planning, Wills

Key Considerations When Drafting a Will with International Assets

• • 1 Comment

If you have clients with assets outside Canada, they likely look to you for guidance to support drafting of testamentary documents. In a previous article we explored the considerations that should be kept in mind when assets are owned outside of Quebec, within Canada – given the civil law and common law differences. However, even if the testator has assets in multiple common law or civil law jurisdictions, estate and….

Key Considerations When Drafting a Will with International Assets Continue Reading »

Estate Planning, Executors, International, Property, Real Estate

The Foreign Corporation on Death – Where Do We Start?

• • 0 Comments
A hand holds a red puzzle piece over grey pieces on a table.

When an entrepreneur dies owning shares or an interest in a foreign corporation, the executor is faced with a challenging situation.  An estate with ownership or an interest in a foreign corporation raises specific and complex tax rules that leave the executor and family members hoping the deceased has a well-organized tax and estate plan in place. Where to start? The executor needs to be proactive. First, it needs to….

The Foreign Corporation on Death – Where Do We Start? Continue Reading »

Estate Administration, Estate Planning, Executors, International, Tax Issues

TAX CONSIDERATIONS FOR GIFTS OF SHARES IN CANADA

• • 1 Comment

Gwenyth Stadig, Natasha Barrett, Upama Poudyal, Abdullah Khalid, Amber LeBlanc all of Gowling WLG (Canada) LLP Canadian donors can donate a variety of types of property to “qualified donees” which gift can be eligible for donation tax credits. Subsection 149.1(1) of the Income Tax Act (“ITA”) defines the term “qualified donee” (“QD”) to include Canadian registered charities. The Canada Revenue Agency (“CRA”) maintains a list of QDs here. The nature….

TAX CONSIDERATIONS FOR GIFTS OF SHARES IN CANADA Continue Reading »

Canada Revenue Agency, Charitable Giving, Estate Donations, Interest, International, Investments, IRS

U.K. Tax & Inheritance Tax – What’s New?

• • 0 Comments

There have been many changes since my article on the U.K. Inheritance tax (“IHT”) applying to a Canadian resident. Indeed, we’ve seen a Spring U.K. budget introducing an overhaul of the U.K. resident non-domiciled individuals (“non-doms”) regime, a U.K. election bringing a new government and another Autumn budget. It has been an exhausting few months keeping up with the U.K. tax changes. What does it mean to Canadians? IHT Moving….

U.K. Tax & Inheritance Tax – What’s New? Continue Reading »

Estate Administration, Estate Planning, International, Succession Planning, Tax Issues

Cross-Border Insurance Planning – Some Basics

• • 0 Comments

Cross-border insurance planning is tricky but understanding the basics can go a long way in assisting clients. This short article will review some of the key questions to consider in order to avoid potential pitfalls in life insurance planning. Who is the Owner, the Insured and the Beneficiary In the context of personal insurance planning, it is important to appreciate that there are always three (3) parties involved; the owner,….

Cross-Border Insurance Planning – Some Basics Continue Reading »

Estate Planning, Insurance, International, IRS, Succession Planning, Tax Issues, U.S. Citizen, US Taxes
Scroll to Top