Tax Planning Strategies

Canadian Snowbirds and U.S. Income Tax

September 2, 2022 - DA Marketing

Although Canadian snowbirds reside in the U.S. for only a part of the year, there is the potential of being considered a U.S. resident and, in turn, having to pay U.S. income tax on the same basis as a permanent U.S. resident. This article outlines how the U.S. government determines whether you are a resident for income tax purposes; namely, it covers the criteria for meeting the Substantial Presence Test, Closer Connection Exception and the Canada U.S. Income Tax Treaty Tie-Breaker Rules.

Estate & Succession Planning

Preparing Your Last Will and Testament

September 2, 2022 - DA Marketing

The attached article – Preparing Your Last Will and Testament – explains various aspects of Will preparation including, the importance of appointing an appropriate executor, life events that warrant a Will review and the use of testamentary trusts.

Estate Planning for Unique Assets

September 2, 2022 - DA Marketing

This article provides estate planning considerations for unique and unusual assets, to assist an executor in the administration and transfer of these assets.

Economic and Market Updates

Investment Strategy: 2022 Market Outlook

September 2, 2022 - DA Marketing

BMO’s outlook on the equity markets featuring Brian Belski, Chief Investment Strategist, to help you prepare for the coming year.

Talking Points

September 2, 2022 - DA Marketing

Education and Knowledge

Registered Retirement Savings Plans

September 1, 2022 - DA Marketing

Investing in a Registered Retirement Savings Plan (“RRSP”) is one of the soundest ways to ensure you enjoy a financially secure retirement. In order to maximize the benefits of an RRSP, it’s important to have a basic understanding of the rules that govern them.