Derek Sankey, reporter for The Calgary Herald, has put together an interesting article titled “Taxes create cross-border issues” that was today published by The Vancouver Sun.
In the piece, Sankey points out that labor demand is projected to create the need for a total of 600,000 workers by 2021 in Alberta, Canada, saying that there could be “some nasty tax surprises for unwitting workers and their Canadian employers.”
Highlighting McManus & Associates’ recent report “Top 10 Planning Issues for Non-U.S. Citizens Including U.S. Residents With Overseas Assets,” Sankey writes:
Non-U.S. citizens and Americans with property overseas are also faced with another set of challenges when it comes to the changing estate and tax planning environment, according to New York based John McManus, of McManus and Associates.
His firm released a report this month highlighting the implications. “Protecting your wealth and your family as an immigrant is a unique, complex process that requires consistent surveying of the landscape for changes in estate and tax planning,” McManus says.
To read the full story, click here. For help with your cross-border tax and estate planning issues, call our New York office at (212) 753-9000 or our New Jersey office at (908) 898-0100.