The financial planning industry has it wrong when it comes to giving retirement advice because all the models and plans being used are out of date. On episode 3, it's Darren with guest Dr. Preet Banerjee, and the two discuss this phenomenon of living longer and its impact on finances.
Links... preetbanerjee.com
twitter.com/preetbanerjee 
www.youtube.com/@PreetBanerjee
Real or AI? www.youtube.com/watch?v=d3626gL14lM  

Canadians who work in the US often don’t realize how complicated that can be with multiple issues concerning immigration and visas, managing accounts with various financial institutions, not to mention situations involving other family members. All these things are addressed in this episode of Two Way Traffic. Once again, joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

Welcome back! On this episode of Two Way Traffic, Darren gets into an array of financial and immigration topics – implications of the Canada-US-Mexico Agreement which replaced NAFTA, non-immigrant vs. immigrant visas, potential tax issues especially since the two countries have different tax regimes, how to qualify for a mortgage in the U.S., and how to handle your investment accounts on either side of the border. Joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

It’s 2021, and Covid-19 is still with us, but Donald Trump is not. On this, the second of two episodes recorded on January 22nd, just a couple days after the inauguration… Elena and Darren discuss President Joe Biden’s upcoming changes coming for both personal & corporate taxation, with a big focus on the potential corporate reforms..

Much of this conversation stems from a January 6th Globe & Mail article featuring Darren & Elena,  entitled How Biden’s tax proposals could affect U.S. persons in Canada.                         

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

Welcome back Elena and Darren! It is 2021 and Covid-19 is still with us, but Donald Trump is not. On the next two episodes, both recorded on January 22nd, just a couple days after the Inauguration… Elena and Darren discuss President Joe Biden’s potential changes coming for both personal & corporate taxation.
Much of the conversation stems from a January 6th Globe & Mail article featuring Darren & Elena, entitled How Biden’s tax proposals could affect U.S. persons in Canada.                       

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com 

Elena and Darren discuss the fallout of COVID-19 from an economic and crossborder tax perspective. Tune in to find out how you should approach the current situation in terms of financial mindset and how you can plan for life after quarantine. Topics in episode 4 include:

• Measures the Canadian and U.S. governments are taking to support families / workers and stimulate the economy during this unprecedented downturn
• Differences between Canadian and U.S. stimulus packages and tax systems
• Positive steps to take to mitigate financial hardship (hint: make sure you work with a knowledgeable advisor) 
• Capital losses / gains as a tax planning tool in times of economic uncertainty
• How behaviourial changes resulting from the pandemic will shape the future economy (online shopping vs. malls, increased telecommuting, etc.)
• A reminder to stay one hockey stick apart!

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

In episode 3, the cross-border discussion continues with a look at the many U.S. tax considerations for “snowbirds”, including health coverage, tracking days spent in the U.S., buying property, and cross-border banking and investment instructions. Listen to a candid discussion on the following topics. 

• The Substantial Presence Test and Closer Connection Exception – When does a snowbird become a U.S. resident for tax purposes?
• The difference between worldwide taxation vs. worldwide reporting obligations.
• Structuring U.S. real estate assets to avoid estate tax and double taxation.
• Financing cross-border property purchases when you can’t obtain a mortgage in the U.S.
• The complexities of engaging with your Canadian financial institution(s) to make transactions while on U.S. soil. 

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

In episode 2, we carry on our discussion around cross-border mobility, this time from the perspective of the owner-manager.

—   Cross border Employees – Temporary vs. permanent assignees.

—   Tax Residency – Obligations to host country and home country.

—   Retirement Plans – Protecting retirement accounts before making a cross-border move.

—   Shareholder / Business Owner – Complications with cross border taxation of a corporation and     the mismatch between Canada and U.S. tax provisions.

—   Passive Foreign Investment Corporations (PFICs) – Additional filing obligations and making certain timely elections.

—   Trump’s Transition Tax – Canadian businesses with a U.S. owner, beware.

—   Ostrich Syndrome – U.S. citizens living in Canada and ignoring tax obligations.

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

In this episode, we introduce many common cross-border issues that may arise when someone has money, family on both sides of the border or changes their tax home.

These are:

• Tax Residency – how this is defined differently in Canada and the U.S.
• Tax Reporting – how this may arise unexpectedly when a U.S. person holds certain investments such as PFIC’s and CFC’s
• How Canadian savings vehicles such as RESP’s, RRSP’s, and TFSA’s may be an issue for U.S. persons
• The difference between a U.S. Person expatriating from the U.S. vs a Canadian becoming a Non-Resident of Canada
• The importance of integrating financial, legal, and accounting cross-border services in proper investment and tax planning

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com