Smythe Cross-Border Tax Insights

Podcast Summary: Navigating the Canada-U.S. Tax Maze: Essential Pre-Mortem Planning for Cross-Border Estates Pre-mortem planning, defined as any planning before death, is a crucial topic, but its complexity skyrockets when a U.S. beneficiary is involved. This episode dives deep into pre-mortem tax and estate planning in the challenging Canada-U.S. cross-border context.. We provide practitioners wi...

Navigating Canada's Departure Tax: Packing Your Suitcase and Your Tax Plan Are you considering relocating outside of Canada? While the allure of warmer climates or new business opportunities beckons, leaving Canada can trigger an unexpected and hefty tax bill. This episode breaks down the complexities of Canada’s departure tax regime, imposed when an individual ceases to be resident in Canada...

Expatriation comes with a heavy tax price tag. In this episode, we unravel the U.S. international tax rules surrounding expatriation under IRC §§877 and 877A. We break down who qualifies as a “covered expatriate” and what that means in practice—whether through the net worth, tax liability, or compliance tests. Listeners will learn how the mark-to-market exit tax applies to worldwide assets, with s...

Professional athletes face more than just competition on the ice—they navigate a complex cross-border tax maze. The discussion unpacks the unique U.S.–Canada tax challenges NHL players face when moving between jurisdictions, from steep tax-rate disparities to evolving Canadian rules on alternative minimum tax and foreign reporting

Navigating U.S. tax rules around foreign grantor trusts is complex — but critical for cross-border families, advisors, and trustees. In this podcast, we unpack the U.S. tax planning considerations that arise when U.S. persons are connected to foreign grantor trusts.

Follow us on a deep dive into the landscape of Canadian estate and trust planning involving non-resident beneficiaries, who are US citizens or residents.