A Canadian dying with US real estate over $60,000 can face US estate tax of up to 40% — on top of deemed disposition in Canada. I specialize in helping families use treaty credits, ownership structures, and cross-border trusts to prevent heirs from being taxed twice. This is an area where planning ahead pays off enormously.
I keep a close eye on developments like these so my clients don't have to. Tax law changes can significantly affect your filing strategy, and I believe the earlier you understand them, the better positioned you are to plan effectively.
Whether you file in Canada, the United States, or both, staying current on these changes is essential. In my cross-border practice, I've seen firsthand how policy shifts in one country can create unexpected obligations — or opportunities — in the other.
If you have questions about how this affects your specific situation, please don't hesitate to reach out. I'm here to help you navigate these changes and make the best decisions for your financial future.