Search found 2 matches

by mark
Wed Nov 24, 2004 2:51 am
Forum: Canada / United States Tax & Accounting
Topic: Offshore Immigrant Trust
Replies: 3
Views: 6792

Offshore Immigrant Trust

I heard that Canada provides immigrants a chance to take a 5-year tax holiday if they set up an offshore trust before immigrating. And it will be no tax for the beneficiaires to receive the distributions of trust capital when the trust is termianted before the settlor lives in Canada for 5 years. Is...
by mark
Tue Nov 23, 2004 2:22 am
Forum: Canada / United States Tax & Accounting
Topic: Kids' Assets and Attribution Rules
Replies: 3
Views: 6406

Kids' Assets and Attribution Rules

I will immigrate to Canada with my family next year. Two of my children, who are 4 and 6 years old, have some assets in the forms of cash and stocks which were transferred legally from elder relatives. We keep the proof of gift records. I am wondering if my children have to report their assets to Ca...