Search found 3 matches

by nevarco
Mon May 23, 2016 11:01 am
Forum: Canada / United States Tax & Accounting
Topic: Crossborder estate tax- US estate, Canadian resident
Replies: 8
Views: 3397

Great news, thanks! I just wanted to be sure I wasn't interpreting based on what I wanted to hear. :)
by nevarco
Sun May 22, 2016 3:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Crossborder estate tax- US estate, Canadian resident
Replies: 8
Views: 3397

Thanks Nelsona. Yes, I understand about the tax credits - I guess calling it tax treaties might be poor wording, but that was what I was referring to. There's still a confusion to me about the inheritance from a US estate though. I had read that in Canada it's expected that the estate pays all the t...
by nevarco
Sat May 21, 2016 5:53 pm
Forum: Canada / United States Tax & Accounting
Topic: Crossborder estate tax- US estate, Canadian resident
Replies: 8
Views: 3397

Crossborder estate tax- US estate, Canadian resident

I'm a US citizen, living in Canada as a PR for 15 years. A relative recently left me a portion of his estate. In all, my share will be about $40,000, once the property is sold. This is far below the threshold for US estate taxes. We file US taxes but never owe any, due to tax treaties. But how the U...