Browse Seminars by Year:
Implications to Owning U.S. Real Estate - Jan 26, 2010

 
  PRESENTERS
 
Peter Glowacki - Thompson Dorfman Sweatman LLP
Christa Walkden - Meyers Norris Penny LLP
Blair Smith - ScotiaMcLeod

  LOCATION AND AGENDA
 
Tuesday, January 26, 2010 - 7 p.m. - 9 p.m.
Manitoba Club - 194 Broadway

 
7:00 p.m. -
7:30 p.m.		 Cocktails

 
 
7:30 p.m. -
7:50 p.m.		 Peter Glowacki (Thompson Dorfman Sweatman LLP)

Canadians looking to take advantage of the strong Canadian dollar and low U.S housing prices are considering buying property south of the border. Many intend to remain residents of Canada until they retire or even indefinitely, keeping the U.S. property for use as a vacation spot, for earning rental revenue, or for combination of the two. Buyers should be aware that there are a number of important Canadian tax and estate planning considerations in maintaining a rental property in the U.S.

In this seminar we will review some key Canadian estate planning issues and tax reporting requirements, provide helpful tips on how to minimize your tax exposure and to avoid the risk of an adverse tax audit, including:

  • determining whether to report the property as income earning or personal use property,
  • deciding what expenses can be deducted from income,
  • managing risk and maintaining adequate documentation, and
  • brief overview of estate planning considerations.
 
 
7:50 p.m. -
8:10 p.m.		 Christa Walkden (Meyers Norris Penny LLP)

Whether you currently own a U.S. property or are looking to invest given the current market conditions, gaining an appreciation of the U.S. tax consequences is very important to help minimize any surprises and manage your overall tax footprint between Canada and the U.S. As part of your participation in this seminar you'll leave with an understanding of the following key concepts:

  • When do I have to file U.S. tax returns?
  • Will I be subject to U.S. estate tax?
  • What happens if I sell the property?
  • What are the alternative ownership structures?
 
 
8:10 p.m. -
8:30 p.m.		 Blair Smith (ScotiaMcLeod)

Including life insurance in an estate plan to deal with U.S. Estate tax on U.S. Property or to provide liquidity to address family equalization planning can be effective.


We will review the reasons why life insurance makes sense and explain the common insurance options used.

When there will be U.S. estate tax, additional planning must be considered in how life insurance should be owned and we will explain why.

 
 
8:30 p.m. -
9:00 p.m.		 Questions and Answers
Coffee & Refreshments
  MAP
 


 
  PARKING
 
Parking is available in the Wawanesa parking lot across the street from The Manitoba Club.

  DRESS CODE
 
The Manitoba Club requests that all guests dress in business casual attire at a minimum. Denim is not permitted.



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