Cross Border Tax and Estate Planning – Debunking the Myths – Live Webinar, November 28, 2024

During this seminar, we will follow a Canadian individual's journey from purchasing real estate in the U.S., renting it out, and then deciding between selling the property, gifting it to a family member, or retaining ownership until death.

Overview

For many accountants, lawyers, and financial planners, having to advise Canadian clients who own real estate in the United States is no longer an exception but an everyday challenge. This may involve income tax, reporting obligations, but also U.S. gift tax and U.S. estate tax. Since these taxes can be triggered or increased if a purchase or transfer of U.S. real estate is not properly planned, knowledge on this topic is essential.

Join well respected expert Caroline Rhéaume, Avocate, M. Fisc., TEP in this 3.5 hour informative webinar that will provide you with all you need to know when handling these types of situations.

LEARNING OBJECTIVES:

Understand the various structures for holding a U.S. vacation property, and the pros and cons
Debunk the common myths on buying real estate in the U.S. for personal use
Understand the complexities of gifting U.S. real estate or adding names to the title deed
Learn how to avoid double tax on rental income and capital gains
Understand why estate planning should be put in place before the sunset clause comes into effect at the end of 2025; tips and strategies

MINIMUM REQUIREMENTS:

You will require an Internet connection. Audio is via your computer only. Participants are able to submit questions and comments during the session via a Q&A text panel. Terms, conditions, pricing and services subject to change.

TARGET AUDIENCE:

This webinar will be of most interest to accountants and financial planners advising their clients on retirement planning.

PROFESSIONAL DEVELOPMENT CREDITS (CPE HOURS):

Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.

Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for 30 days following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.

CANCELLATION POLICY:

Due to the costs involved with planning Web sessions, cancellations must be confirmed in writing at least one (1) business day before the beginning of the Web session. If we receive your cancellation notice within the above-mentioned period, you will receive a full refund. No refund will be issued for notices received after the cancellation period.

THIS WEBINAR INCLUDES:

30 days to review the webinar recording
Print version of the presentation slides
PD Certificate for 2 hours

PRESENTER:

This webinar is being presented by: Caroline Rhéaume

Caroline Rhéaume is a tax lawyer with a master’s degree in tax and TEP. She has her own firm and specializes in Canadian and international tax and estate planning, the use of trusts, asset protection, family mission statements, and how to structure a family office. She provides tax consulting services to high-net-worth individuals and families, business owners, professionals, and athletes, and oversees the coordination and administration of these services across Canada, and the United States. Caroline gained her international experience working with multinational clients of all sizes.

Ms. Rhéaume is the author of the best seller Utilisation des fiducies en planification fiscale et financière, Stratégies de planification utilisant des fiducies, Transmission du patrimoine : une approche avant-gardiste, and Strategic Use of Trusts in Tax and Estate Planning, fours books published by Wolters Kluwer.

In addition to implementing strategies proposed in her books, Ms. Rhéaume frequently gives lectures and regularly writes tax articles for Wolters Kluwer, the APFF, and STEP Canada. Some of the topics covered include Canada-U.S. estate tax planning, Succession planning involving foreign heirs, immigrating to Canada with a U.S. trust, Estate planning for American clients with Canadian assets, The financial reality of professional athletes, and Why affluent athletes should embrace the wellness family office model.

She is also the first professional from the province of Quebec to have completed the Seven Stages of Money Maturity program offered by the Kinder Institute that trains and coaches financial advisors worldwide.