Cross-Border Blog

Tax Treaty

False Hope: U.S. Estate Tax Exemption Increased

Cross-Border, Estate Tax, Probate, Snowbirds, Tax Treaty / March 19, 2021

The United States Congress enacted tax legislation, ushering in several changes to the wealth transfer tax system, which took effect on January 1, 2018. Under the new law, the federal estate, gift and generation-skippin…

What if my spouse and I own U.S. property as joint tenants?

Canadian Estates, Cross-Border, Estate Tax, Tax Treaty / December 18, 2020

If the surviving spouse is a US citizen, then in general one-half the value of the jointly owned property will be included in the estate of the first spouse to die.