Serbinski Accounting Firms

This does seems to be the most straightforward reading of things, but I have to say that I'm a bit surprised that both the donor and my spouse are off the hook for tax on gains prior to the gift. (My spouse is a wonderful person, but she's not a registered charity!)

It seems like the best course of ...

A US resident family member wants to gift me and my spouse some US stock that has gone up significantly in value. My spouse and I are CDN resident citizens. I am a US person; my spouse is not. What tax issues should I be aware of (esp. regarding capital gains), both at the time of the gift and when ...

Is this information (i.e. the amount of tax withheld on an investment in a TFSA) readily available? Presumably no Canada tax slips are issued for TFSAs. Do all/most Canadian brokers issue 1099s for TFSAs? Or is there an easy way to calculate withholding yourself? Does it make a difference whether ...

Thanks for these replies.

I just spoke with someone at RBC Direct, and he was insistent that a filing a W9 with them would only reduce withholding on US source dividends--not eliminate it. If I understood him correctly, his take was that residency is the determining factor--not citizenship. So ...

I guess I should clarify that I'm making an assumption here that the investor in question won't owe any US taxes (other than possibly withholding taxes) on their TFSA. This is true in my case because my employment income is from Canada and I use the foreign earned income exclusion on my US return ...

What is the most tax and reporting efficient investment strategy for Canadian resident US persons who hold TFSAs (assuming one accepts the argument that TFSA's are not considered trusts by the IRS)? I'm new to this, but after a lot of reading this is my understanding so far:
-Canadian stocks, bonds ...