Episode 6: IN FOCUS:   “U.S. beneficiaries of Canadian estates"
Jonathan On Money31 Touko 2023

Episode 6: IN FOCUS: “U.S. beneficiaries of Canadian estates"

In this week's episode we are IN FOCUS discussing a more advanced wealth planning topic of “U.S. beneficiaries of Canadian estates: U.S. tax issues applicable to inheriting shares of Canadian corporations” featuring:

Beatriz Davila, M.Sc., CPA, Partner, MNP

Sergei Titorenko, LL.B, JD, LLM., Senior Manager, MNP

By way of background, this episode will cover the US taxation and tax reporting obligations applicable to US beneficiaries who inherit an interest in a Canadian corporation. While the US and Canada are neighbors, close allies, and very similar in many ways there are still a myriad of issues that arise when US beneficiaries inherit interest in Canadian corporations. This includes:

- Canadian Tax on Death and Canadian Taxation of the Estate

- Canadian and U.S. Income Tax Compliance Obligations which May Apply to the U.S. Beneficiary

- Potential Canadian and U.S. Income Tax which May Apply to the U.S. Beneficiary on Certain Transactions within the Estate and/or Certain Distributions from the Estate

Staying connected:

1) Signup for my monthly newsletter here: https://www.shenkmanwealth.com/newsletter

2) Questions? Comments? Reach out to Jonathan@ShenkmanWealth.com

3) Follow me on Instagram/Twitter/YouTube @ShenkmanOnMoney

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