Receiving a Canadian Inheritance as a U.S. Resident

Cross-border estate planning can be very confusing. Today, we try to clarify some of the uncertainty of receiving an inheritance from a Canadian here in the States. We will discuss:

– Taxation of the inheritance in Canada

– Taxation here in the States

– Different inheritance rules between the U.S. and Canada

– Reporting the Inheritance here in the U.S.

– Planning techniques for a cross-border inheritance

Watch the video here:

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