The Resource Tax effects of immigrating to North America Canada or the United States)

Tax effects of immigrating to North America Canada or the United States)

Label
Tax effects of immigrating to North America Canada or the United States)
Title
Tax effects of immigrating to North America Canada or the United States)
Creator
Subject
Summary
Article in two parts. Part 1 presents a brief overview of the U.S. and Canadian immigration and citizenship rules; cost of living considerations in each country; and, an overview of the two tax systems as they affect individuals. Part 2 discusses the taxation of earned income and investment income in each countrt, including the use of offshore entities to avoid tax on passive income; the taxation of profits from controlled business that the individual may establish in his adopted country; the taxation of an active business investment made by a Canadian resident into the US, and visa versa; the taxation of offshore controlled corporations that engage in active business operations; taxes on the transfer of wealth to other family members at death, or by inter vivos (lifetime) gifts; the potential tax consequences if the individual later moves abroad from his adopted country to another country (whether to Canada, to the US, or to a third country), while still retaining immigrant status or citizenship in his adopted country; taxation of assets inherted or received as a gift from abroad through an offshore entity
Citation source
In: Tax planning international review. - London. - Vol. 19 (1992),
http://library.link/vocab/creatorName
  • Bissell, T.S
  • Marcinski, Z
Language note
English
http://library.link/vocab/subjectName
immigration
Label
Tax effects of immigrating to North America Canada or the United States)
Instantiates
Publication
Label
Tax effects of immigrating to North America Canada or the United States)
Publication

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