Two Way Traffic with Darren Coleman Transistor (https://transistor.fm) https://feeds.transistor.fm/two-way-traffic-with-darren-coleman TWO WAY TRAFFIC with Darren Coleman, the Cross border podcast series. On each episode we aim to guide you through the complexities, complications, implications and advantages of having money and family on both sides of the border. © 2025 The Acme Podcasting Company 3f0e69c9-59ba-578d-b8ba-4b072c8035fa yes en Thu, 28 Aug 2025 07:00:07 -0400 Fri, 06 Mar 2026 12:00:03 -0500 https://img.transistorcdn.com/Ku5-owHGVSNEIlkKOkWSEjOzTZCstiDpUJkLN294nkU/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9hMGQ4/OTkzZTQ0OTVjYzNk/OWUwYjU0MDIxZDk3/OTE2OS5qcGc.jpg Two Way Traffic with Darren Coleman episodic Darren Coleman / Acme Podcasting Company TWO WAY TRAFFIC with Darren Coleman, the Cross border podcast series. On each episode we aim to guide you through the complexities, complications, implications and advantages of having money and family on both sides of the border. TWO WAY TRAFFIC with Darren Coleman, the Cross border podcast series. investment, taxes, wealth management, cross-border Acme Podcasting Company No No Happy Capitalism? Not so in present-day Canada 2 2 25 25 Happy Capitalism? Not so in present-day Canada full 4a24a279-2414-4680-ac8b-7f727c2d5703 https://share.transistor.fm/s/fc61465a You can sum up investing analyst Lou Schizas in two words – Happy Capitalism – the tagline the legendary business and financial commentator is known for. Darren and Lou dig into Canada’s housing crisis, Alberta nationalism, and how the banks swim in a protected pond.
Lou says the state of capitalism in Canada today is “capital flight” with so many people of wealth fleeing the country. Not only that, those returning to Canada from the US tend to be at the end of their careers, the “brain drain” of those under 45 are the ones who are leaving.

]]> You can sum up investing analyst Lou Schizas in two words – Happy Capitalism – the tagline the legendary business and financial commentator is known for. Darren and Lou dig into Canada’s housing crisis, Alberta nationalism, and how the banks swim in a protected pond.
Lou says the state of capitalism in Canada today is “capital flight” with so many people of wealth fleeing the country. Not only that, those returning to Canada from the US tend to be at the end of their careers, the “brain drain” of those under 45 are the ones who are leaving.

]]> Thu, 28 Aug 2025 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2449 You can sum up investing analyst Lou Schizas in two words – Happy Capitalism – the tagline the legendary business and financial commentator is known for. Darren and Lou dig into Canada’s housing crisis, Alberta nationalism, and how the banks swim in a protected pond.
Lou says the state of capitalism in Canada today is “capital flight” with so many people of wealth fleeing the country. Not only that, those returning to Canada from the US tend to be at the end of their careers, the “brain drain” of those under 45 are the ones who are leaving.

]]> investment, taxes, wealth management, cross-border No Cross-border Insurance Nightmares 2 2 24 24 Cross-border Insurance Nightmares full 63522344-6ee3-4652-b62f-3dfbf885a196 https://share.transistor.fm/s/3fb9e706 Did you know that one in five drivers in Florida has no auto insurance and countless others have very little coverage in terms of liability?
Andrew Iacobelli, a personal injury lawyer and mediator with dual citizenship who leads the firm Iacobelli Law joins Darren to discuss what can happen to Canadians who get into accidents in the US. Iacobelli has seen pretty well everything and stresses the importance of keeping your insurance up to date.

]]> Did you know that one in five drivers in Florida has no auto insurance and countless others have very little coverage in terms of liability?
Andrew Iacobelli, a personal injury lawyer and mediator with dual citizenship who leads the firm Iacobelli Law joins Darren to discuss what can happen to Canadians who get into accidents in the US. Iacobelli has seen pretty well everything and stresses the importance of keeping your insurance up to date.

]]> Thu, 14 Aug 2025 10:15:53 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2103 Did you know that one in five drivers in Florida has no auto insurance and countless others have very little coverage in terms of liability?
Andrew Iacobelli, a personal injury lawyer and mediator with dual citizenship who leads the firm Iacobelli Law joins Darren to discuss what can happen to Canadians who get into accidents in the US. Iacobelli has seen pretty well everything and stresses the importance of keeping your insurance up to date.

]]> investment, taxes, wealth management, cross-border No How Trump’s Big Beautiful Bill could affect you 2 2 23 23 How Trump’s Big Beautiful Bill could affect you full b7520422-5eb7-409e-8ada-43e1e3811962 https://share.transistor.fm/s/8b4b1c41 Jason Ubeika, a Partner with BDO Canada and the US Personal Tax Practice Leader in Canada, is an expert on taxes for expatriate Canadians. He and Darren discuss Donald Trump’s Big Beautiful Bill. They talk about the impact on Canadian Snowbirds who own US properties and they both agree that having tax professionals familiar with the tax regimes in both countries can help avoid double taxation and prevent surprises.

]]> Jason Ubeika, a Partner with BDO Canada and the US Personal Tax Practice Leader in Canada, is an expert on taxes for expatriate Canadians. He and Darren discuss Donald Trump’s Big Beautiful Bill. They talk about the impact on Canadian Snowbirds who own US properties and they both agree that having tax professionals familiar with the tax regimes in both countries can help avoid double taxation and prevent surprises.

]]> Tue, 17 Jun 2025 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2192 Jason Ubeika, a Partner with BDO Canada and the US Personal Tax Practice Leader in Canada, is an expert on taxes for expatriate Canadians. He and Darren discuss Donald Trump’s Big Beautiful Bill. They talk about the impact on Canadian Snowbirds who own US properties and they both agree that having tax professionals familiar with the tax regimes in both countries can help avoid double taxation and prevent surprises.

]]> investment, taxes, wealth management, cross-border No Hey, Canadians say they will stay in FLA 2 2 22 22 Hey, Canadians say they will stay in FLA full 94168481-e723-4407-abc8-7e34becb4de3 https://share.transistor.fm/s/c29618ba Kevin Depocas Dumas, Associate Vice President of Business Development of NatBank says even with current US-Canada tensions he’s not seeing a lot of Canadians who want to sell their properties in Florida. Kevin and Darren discuss a wide range of issues affecting those who own property in Florida and about half a million Canadians are in that boat.

]]> Kevin Depocas Dumas, Associate Vice President of Business Development of NatBank says even with current US-Canada tensions he’s not seeing a lot of Canadians who want to sell their properties in Florida. Kevin and Darren discuss a wide range of issues affecting those who own property in Florida and about half a million Canadians are in that boat.

]]> Fri, 02 May 2025 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1574 Kevin Depocas Dumas, Associate Vice President of Business Development of NatBank says even with current US-Canada tensions he’s not seeing a lot of Canadians who want to sell their properties in Florida. Kevin and Darren discuss a wide range of issues affecting those who own property in Florida and about half a million Canadians are in that boat.

]]> investment, taxes, wealth management, cross-border No Trump administration offers investment opportunities! 2 2 21 21 Trump administration offers investment opportunities! full bf7be5e4-331a-47ff-8dfc-264eb37162e1 https://share.transistor.fm/s/55585b14 Dealing with the new administration in Washington won’t be easy, but it may offer opportunities for Canada and for investors. So says Darren’s guest Dennis Mitchell, CEO and CIO of Starlight Capital which is a wholly-owned subsidiary of Starlight Investments, a global real estate investment and asset management firm based in Toronto. Mitchell advises investors to take President Trump “seriously, but not literally."

]]> Dealing with the new administration in Washington won’t be easy, but it may offer opportunities for Canada and for investors. So says Darren’s guest Dennis Mitchell, CEO and CIO of Starlight Capital which is a wholly-owned subsidiary of Starlight Investments, a global real estate investment and asset management firm based in Toronto. Mitchell advises investors to take President Trump “seriously, but not literally."

]]> Thu, 20 Feb 2025 07:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2687 Dealing with the new administration in Washington won’t be easy, but it may offer opportunities for Canada and for investors. So says Darren’s guest Dennis Mitchell, CEO and CIO of Starlight Capital which is a wholly-owned subsidiary of Starlight Investments, a global real estate investment and asset management firm based in Toronto. Mitchell advises investors to take President Trump “seriously, but not literally."

]]> investment, taxes, wealth management, cross-border No Buying U.S. real estate? Avoid headaches & reduce taxes! 2 2 20 20 Buying U.S. real estate? Avoid headaches & reduce taxes! full 5a376209-0bd8-4874-a71b-a7394a595767 https://share.transistor.fm/s/15bbf164 With winter upon us a lot of Canadians head to southern climates in the U.S. and many of them own American real estate. But Canadians who buy, and sell, U.S. real estate should be aware of the potential complications. Carol Sadler – Tax Leader at Achen Henderson CPAs in Calgary joins Darren to explore the different ways Canadians can buy U.S. real estate and what can – and often does – go wrong. Carol recommends planning ahead and thinking of your exit strategy for selling even before you buy. 

]]> With winter upon us a lot of Canadians head to southern climates in the U.S. and many of them own American real estate. But Canadians who buy, and sell, U.S. real estate should be aware of the potential complications. Carol Sadler – Tax Leader at Achen Henderson CPAs in Calgary joins Darren to explore the different ways Canadians can buy U.S. real estate and what can – and often does – go wrong. Carol recommends planning ahead and thinking of your exit strategy for selling even before you buy. 

]]> Thu, 30 Jan 2025 07:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 3004 With winter upon us a lot of Canadians head to southern climates in the U.S. and many of them own American real estate. But Canadians who buy, and sell, U.S. real estate should be aware of the potential complications. Carol Sadler – Tax Leader at Achen Henderson CPAs in Calgary joins Darren to explore the different ways Canadians can buy U.S. real estate and what can – and often does – go wrong. Carol recommends planning ahead and thinking of your exit strategy for selling even before you buy. 

]]> investment, taxes, wealth management, cross-border No Cocaine Dealers, Airbnb Operators & the CRA 2 2 19 19 Cocaine Dealers, Airbnb Operators & the CRA full 325e93c4-f78b-463c-9abe-3af86355aae2 https://share.transistor.fm/s/9ae16687 Tax lawyer Trevor Parry https://trevorparry.com/ once told Stephen Harper that Canada has more auditors than infantry. Not to be outdone, Kim Moody of Moodys Private Client https://kimgcmoody.com/ says in the eyes of the Canada Revenue Agency a cocaine dealer can deduct expenses in this country, but not an Airbnb operator. 
With a new administration taking over in the US and Canada soon to be in the throes of a federal election, both experts joined Darren to talk about everything from high-income earners wanting to leave Canada to the need for tax reform.  

]]> Tax lawyer Trevor Parry https://trevorparry.com/ once told Stephen Harper that Canada has more auditors than infantry. Not to be outdone, Kim Moody of Moodys Private Client https://kimgcmoody.com/ says in the eyes of the Canada Revenue Agency a cocaine dealer can deduct expenses in this country, but not an Airbnb operator. 
With a new administration taking over in the US and Canada soon to be in the throes of a federal election, both experts joined Darren to talk about everything from high-income earners wanting to leave Canada to the need for tax reform.  

]]> Fri, 10 Jan 2025 14:20:13 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2192 Tax lawyer Trevor Parry https://trevorparry.com/ once told Stephen Harper that Canada has more auditors than infantry. Not to be outdone, Kim Moody of Moodys Private Client https://kimgcmoody.com/ says in the eyes of the Canada Revenue Agency a cocaine dealer can deduct expenses in this country, but not an Airbnb operator. 
With a new administration taking over in the US and Canada soon to be in the throes of a federal election, both experts joined Darren to talk about everything from high-income earners wanting to leave Canada to the need for tax reform.  

]]> investment, taxes, wealth management, cross-border No Game Night... John Tavares vs. CRA 2 2 18 18 Game Night... John Tavares vs. CRA full 0c24384d-793b-4773-b3db-5eada59263bc https://share.transistor.fm/s/00f52c38 John Tavares of the Toronto Maple Leafs is in a dispute with the Canada Revenue Agency (CRA) that could have repercussions for pro athletes and high-income earners in many industries. Darren discusses the Tavares case with tax lawyer Shlomi Levy and tax accountant Kevyn Nightingale of Levy Salis LLP. The firm, which has NHL players as clients, is dedicated to US and Canadian tax and estate planning for individuals, corporations, and those with cross-border interests. 

]]> John Tavares of the Toronto Maple Leafs is in a dispute with the Canada Revenue Agency (CRA) that could have repercussions for pro athletes and high-income earners in many industries. Darren discusses the Tavares case with tax lawyer Shlomi Levy and tax accountant Kevyn Nightingale of Levy Salis LLP. The firm, which has NHL players as clients, is dedicated to US and Canadian tax and estate planning for individuals, corporations, and those with cross-border interests. 

]]> Thu, 24 Oct 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2609 John Tavares of the Toronto Maple Leafs is in a dispute with the Canada Revenue Agency (CRA) that could have repercussions for pro athletes and high-income earners in many industries. Darren discusses the Tavares case with tax lawyer Shlomi Levy and tax accountant Kevyn Nightingale of Levy Salis LLP. The firm, which has NHL players as clients, is dedicated to US and Canadian tax and estate planning for individuals, corporations, and those with cross-border interests. 

]]> investment, taxes, wealth management, cross-border No The Business of Hacking 2 2 17 17 The Business of Hacking full b3bc0918-35dc-412c-ba4d-39ab904a64bf https://share.transistor.fm/s/b1ee580b Wealth management advisor Darren Coleman who specializes in cross-border financial issues discusses IT security with another Darren Coleman, founder of Coleman Technologies Inc. www.colemantechnologies.com which handles IT managed services and cyber services. The latter Coleman, who has been called Canada’s top IT expert, leads a team of technicians based in Langley, BC and Dallas, Texas. He said hacking is a trillion-dollar industry and business owners should take note. 

]]> Wealth management advisor Darren Coleman who specializes in cross-border financial issues discusses IT security with another Darren Coleman, founder of Coleman Technologies Inc. www.colemantechnologies.com which handles IT managed services and cyber services. The latter Coleman, who has been called Canada’s top IT expert, leads a team of technicians based in Langley, BC and Dallas, Texas. He said hacking is a trillion-dollar industry and business owners should take note. 

]]> Thu, 10 Oct 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2173 Wealth management advisor Darren Coleman who specializes in cross-border financial issues discusses IT security with another Darren Coleman, founder of Coleman Technologies Inc. www.colemantechnologies.com which handles IT managed services and cyber services. The latter Coleman, who has been called Canada’s top IT expert, leads a team of technicians based in Langley, BC and Dallas, Texas. He said hacking is a trillion-dollar industry and business owners should take note. 

]]> investment, taxes, wealth management, cross-border No A Taste of Simply Sarbit 2 2 16 16 A Taste of Simply Sarbit full c0ff6f65-666f-48ef-88e8-80fd1cf0ba85 https://share.transistor.fm/s/c89ea812 When it comes to investing fear is stronger than greed.  Investing guru Larry Sarbit talks about "the tyranny of the index" with Darren on this episode.
Sarbit, Founder and Chief Investment Officer of the Winnipeg-based Sarbit Advisory Services Inc. and one of Canada’s most highly respected asset managers, says most people don’t know how to invest. 

]]> When it comes to investing fear is stronger than greed.  Investing guru Larry Sarbit talks about "the tyranny of the index" with Darren on this episode.
Sarbit, Founder and Chief Investment Officer of the Winnipeg-based Sarbit Advisory Services Inc. and one of Canada’s most highly respected asset managers, says most people don’t know how to invest. 

]]> Fri, 20 Sep 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1979 When it comes to investing fear is stronger than greed.  Investing guru Larry Sarbit talks about "the tyranny of the index" with Darren on this episode.
Sarbit, Founder and Chief Investment Officer of the Winnipeg-based Sarbit Advisory Services Inc. and one of Canada’s most highly respected asset managers, says most people don’t know how to invest. 

]]> investment, taxes, wealth management, cross-border No Planning for Your Parents and what it’s going to cost 2 2 15 15 Planning for Your Parents and what it’s going to cost full ba1c609a-ec0b-41fb-83d2-262b4bb8f541 https://share.transistor.fm/s/c41e7c39 Darren’s guest is Yvonne Dobronyi, an eldercare consultant who counsels individuals and families through her firm YCD Consulting. https://www.linkedin.com/in/yvonne-dobronyi-14116222/

“Families are in denial and do not want to ask difficult questions about moving Mom or Dad to an assisted-living facility,” says Yvonne who added that more than half the families she comes across are not prepared for dealing with one, never mind two, elderly parents. 

]]> Darren’s guest is Yvonne Dobronyi, an eldercare consultant who counsels individuals and families through her firm YCD Consulting. https://www.linkedin.com/in/yvonne-dobronyi-14116222/

“Families are in denial and do not want to ask difficult questions about moving Mom or Dad to an assisted-living facility,” says Yvonne who added that more than half the families she comes across are not prepared for dealing with one, never mind two, elderly parents. 

]]> Fri, 06 Sep 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2805 Darren’s guest is Yvonne Dobronyi, an eldercare consultant who counsels individuals and families through her firm YCD Consulting. https://www.linkedin.com/in/yvonne-dobronyi-14116222/

“Families are in denial and do not want to ask difficult questions about moving Mom or Dad to an assisted-living facility,” says Yvonne who added that more than half the families she comes across are not prepared for dealing with one, never mind two, elderly parents. 

]]> investment, taxes, wealth management, cross-border No What you need to know about recent Canadian tax changes 2 2 14 14 What you need to know about recent Canadian tax changes full 76198fa8-963d-413e-a041-0edcc6555501 https://share.transistor.fm/s/523dabd1 Tax lawyer Anna Malazhavaya who leads the firm Advotax Law joins Darren for this episode. Advotax is a team of lawyers and tax professionals that serves individuals, businesses and real estate property owners with tax planning and tax-dispute resolutions involving the Canada Revenue Agency. 

 

The discussion explores everything from the capital gains inclusion rate to expanded powers of the CRA to more of their clients asking about moving to the US.

]]> Tax lawyer Anna Malazhavaya who leads the firm Advotax Law joins Darren for this episode. Advotax is a team of lawyers and tax professionals that serves individuals, businesses and real estate property owners with tax planning and tax-dispute resolutions involving the Canada Revenue Agency. 

 

The discussion explores everything from the capital gains inclusion rate to expanded powers of the CRA to more of their clients asking about moving to the US.

]]> Thu, 22 Aug 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2920 Tax lawyer Anna Malazhavaya who leads the firm Advotax Law joins Darren for this episode. Advotax is a team of lawyers and tax professionals that serves individuals, businesses and real estate property owners with tax planning and tax-dispute resolutions involving the Canada Revenue Agency. 

 

The discussion explores everything from the capital gains inclusion rate to expanded powers of the CRA to more of their clients asking about moving to the US.

]]> investment, taxes, wealth management, cross-border No Bad Tax Planning 2 2 13 13 Bad Tax Planning full adc58858-bdba-41b5-a003-1ee74636f60b https://share.transistor.fm/s/104ee690 Kim Moody of Moodys Private Client – a firm providing law, and cross-border tax and accounting services joins Darren on this episde. 

Moody recently wrote an article in The Financial Post about the government flirting with the idea of a home equity tax, even on principal residences. Such a tax could result in an annual levy of about $10,000 for a home worth $1 million. He called that, along with the increase in the capital gains inclusion rate which has already passed into law, “really bad tax planning” based on ideology and not economics.

]]> Kim Moody of Moodys Private Client – a firm providing law, and cross-border tax and accounting services joins Darren on this episde. 

Moody recently wrote an article in The Financial Post about the government flirting with the idea of a home equity tax, even on principal residences. Such a tax could result in an annual levy of about $10,000 for a home worth $1 million. He called that, along with the increase in the capital gains inclusion rate which has already passed into law, “really bad tax planning” based on ideology and not economics.

]]> Wed, 07 Aug 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2608 Kim Moody of Moodys Private Client – a firm providing law, and cross-border tax and accounting services joins Darren on this episde. 

Moody recently wrote an article in The Financial Post about the government flirting with the idea of a home equity tax, even on principal residences. Such a tax could result in an annual levy of about $10,000 for a home worth $1 million. He called that, along with the increase in the capital gains inclusion rate which has already passed into law, “really bad tax planning” based on ideology and not economics.

]]> investment, taxes, wealth management, cross-border No Leviathan Surfaces: Will they tax your house??? 2 2 12 12 Leviathan Surfaces: Will they tax your house??? full 5be8b850-c021-4a80-8233-09eccd7c7552 https://share.transistor.fm/s/e93c6653 Tax lawyer Trevor Parry makes his second appearance on Two Way Traffic, and like the first time he doesn’t pull any punches.
On this episode, Parry says tax is the single greatest threat to capital, and that the key is how do people make money and how do they keep it. “Canadians must become financially literate,” he says. “Most people are unaware and eat the government pablum. In the end you must look out for yourself.”

]]> Tax lawyer Trevor Parry makes his second appearance on Two Way Traffic, and like the first time he doesn’t pull any punches.
On this episode, Parry says tax is the single greatest threat to capital, and that the key is how do people make money and how do they keep it. “Canadians must become financially literate,” he says. “Most people are unaware and eat the government pablum. In the end you must look out for yourself.”

]]> Wed, 24 Jul 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2177 Tax lawyer Trevor Parry makes his second appearance on Two Way Traffic, and like the first time he doesn’t pull any punches.
On this episode, Parry says tax is the single greatest threat to capital, and that the key is how do people make money and how do they keep it. “Canadians must become financially literate,” he says. “Most people are unaware and eat the government pablum. In the end you must look out for yourself.”

]]> investment, taxes, wealth management, cross-border No You can’t beat a good team! 2 2 11 11 You can’t beat a good team! full 1e7c1bb1-679c-4f77-983d-224b9cfd65ee https://share.transistor.fm/s/fe56c6fd Lawyers, accountants, bankers and financial advisors have their own expertise, but when it comes to seeking advice with money and assets you can’t do better than a trusted team. That's the message as Darren chats with lawyers Kevin Kirkpatrick and Azam Rajan of Bordera Tax and Immigration Law. https://bordera.ca/ They discuss the importance of seeking advice from professionals who know the deal on both sides of the border, not to mention American consultants who may not be familiar with international law, complexities in renouncing US citizenship, and the fact that many people are worth more than they realize. They also talk about the Corporate Transparency Act, a new US law that can require small businesses to report ownership information to the government with penalties starting at $10,000 US.

]]> Lawyers, accountants, bankers and financial advisors have their own expertise, but when it comes to seeking advice with money and assets you can’t do better than a trusted team. That's the message as Darren chats with lawyers Kevin Kirkpatrick and Azam Rajan of Bordera Tax and Immigration Law. https://bordera.ca/ They discuss the importance of seeking advice from professionals who know the deal on both sides of the border, not to mention American consultants who may not be familiar with international law, complexities in renouncing US citizenship, and the fact that many people are worth more than they realize. They also talk about the Corporate Transparency Act, a new US law that can require small businesses to report ownership information to the government with penalties starting at $10,000 US.

]]> Thu, 11 Jul 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2779 Lawyers, accountants, bankers and financial advisors have their own expertise, but when it comes to seeking advice with money and assets you can’t do better than a trusted team. That's the message as Darren chats with lawyers Kevin Kirkpatrick and Azam Rajan of Bordera Tax and Immigration Law. https://bordera.ca/ They discuss the importance of seeking advice from professionals who know the deal on both sides of the border, not to mention American consultants who may not be familiar with international law, complexities in renouncing US citizenship, and the fact that many people are worth more than they realize. They also talk about the Corporate Transparency Act, a new US law that can require small businesses to report ownership information to the government with penalties starting at $10,000 US.

]]> investment, taxes, wealth management, cross-border No Are the Feds lying about the capital gains tax changes? 2 2 10 10 Are the Feds lying about the capital gains tax changes? full de0cfa4c-29ff-49bd-a035-05dac4c180f4 https://share.transistor.fm/s/c685e93b The federal government’s claim that the increased inclusion rate for capital gains applies only to a small number of people is a “bald-faced lie” according to Darren’s guest, outspoken lawyer and tax specialist Trevor Parry. https://trevorparry.com/ They discuss other impacts of the federal budget, the advantages of using a life insurance policy inside a corporate entity, and why holding and not selling your asset might be the best long-term plan. 

]]> The federal government’s claim that the increased inclusion rate for capital gains applies only to a small number of people is a “bald-faced lie” according to Darren’s guest, outspoken lawyer and tax specialist Trevor Parry. https://trevorparry.com/ They discuss other impacts of the federal budget, the advantages of using a life insurance policy inside a corporate entity, and why holding and not selling your asset might be the best long-term plan. 

]]> Thu, 30 May 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2134 The federal government’s claim that the increased inclusion rate for capital gains applies only to a small number of people is a “bald-faced lie” according to Darren’s guest, outspoken lawyer and tax specialist Trevor Parry. https://trevorparry.com/ They discuss other impacts of the federal budget, the advantages of using a life insurance policy inside a corporate entity, and why holding and not selling your asset might be the best long-term plan. 

]]> investment, taxes, wealth management, cross-border No Remote work can bring problems 2 2 9 9 Remote work can bring problems full aa852b05-4e5a-4ae2-b558-c5e927e000c4 https://share.transistor.fm/s/e5d43ac1 Today many people work from home but this can create problems with an employer. And if that employer is in another country like the United States things get even more difficult. In the aftermath of Covid remote working has become common but there can be all kinds of issues. Sharon Conrod, an accountant with Hanson Crossborder Tax https://www.hcbtax.com/, is Darren’s guest, and the two explore what can go wrong. 

]]> Today many people work from home but this can create problems with an employer. And if that employer is in another country like the United States things get even more difficult. In the aftermath of Covid remote working has become common but there can be all kinds of issues. Sharon Conrod, an accountant with Hanson Crossborder Tax https://www.hcbtax.com/, is Darren’s guest, and the two explore what can go wrong. 

]]> Thu, 09 May 2024 08:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2946 Today many people work from home but this can create problems with an employer. And if that employer is in another country like the United States things get even more difficult. In the aftermath of Covid remote working has become common but there can be all kinds of issues. Sharon Conrod, an accountant with Hanson Crossborder Tax https://www.hcbtax.com/, is Darren’s guest, and the two explore what can go wrong. 

]]> investment, taxes, wealth management, cross-border No Leaving Las Vegas - or anywhere else in the US. Exit taxes and the price of leaving America 2 2 8 8 Leaving Las Vegas - or anywhere else in the US. Exit taxes and the price of leaving America full 09e074c4-363a-424e-9d91-b1d9f7487053 https://share.transistor.fm/s/7245eb14 Canadians who return to the country after working south of the border may face “punitive” exit taxes from the U.S. and it doesn’t matter if their leaving is due to a divorce, illness or something else.

Darren’s guest is John Richardson of Citizenship Solutions, a Toronto-based lawyer who was born in the U.S. and has lived most of his life in Canada. His practice is largely devoted to assisting Americans who live outside the U.S. John says Americans living in Canada are often treated “unjustly” by the IRS.

 “As far as the U.S. is concerned, there are two principles at play,” he says. “First, one never leaves the land of the free for free. Second, everything in the U.S. is taxable.”

 

Darren and John discuss a wide range of issues – everything from potential troubles for Green Card holders to compliance matters when dealing with two countries that have very different tax regimes to immigration problems.

]]> Canadians who return to the country after working south of the border may face “punitive” exit taxes from the U.S. and it doesn’t matter if their leaving is due to a divorce, illness or something else.

Darren’s guest is John Richardson of Citizenship Solutions, a Toronto-based lawyer who was born in the U.S. and has lived most of his life in Canada. His practice is largely devoted to assisting Americans who live outside the U.S. John says Americans living in Canada are often treated “unjustly” by the IRS.

 “As far as the U.S. is concerned, there are two principles at play,” he says. “First, one never leaves the land of the free for free. Second, everything in the U.S. is taxable.”

 

Darren and John discuss a wide range of issues – everything from potential troubles for Green Card holders to compliance matters when dealing with two countries that have very different tax regimes to immigration problems.

]]> Thu, 18 Apr 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2774 Canadians who return to the country after working south of the border may face “punitive” exit taxes from the U.S. and it doesn’t matter if their leaving is due to a divorce, illness or something else.

Darren’s guest is John Richardson of Citizenship Solutions, a Toronto-based lawyer who was born in the U.S. and has lived most of his life in Canada. His practice is largely devoted to assisting Americans who live outside the U.S. John says Americans living in Canada are often treated “unjustly” by the IRS.

 “As far as the U.S. is concerned, there are two principles at play,” he says. “First, one never leaves the land of the free for free. Second, everything in the U.S. is taxable.”

 

Darren and John discuss a wide range of issues – everything from potential troubles for Green Card holders to compliance matters when dealing with two countries that have very different tax regimes to immigration problems.

]]> investment, taxes, wealth management, cross-border No The What If Nightmare... when Canadians buy US property 2 2 7 7 The What If Nightmare... when Canadians buy US property full 5f891b97-c74d-4081-8922-2252d429bdc3 https://share.transistor.fm/s/f5c05082 Canadians who buy real estate in the United States often do so for emotional reasons but aren’t aware of all the problems that can arise. Darren tackles this with Shlomi Levy of Levy Salis LLP, whose practice is dedicated to US and Canadian tax and estate planning for individuals and corporations. The firm has offices in Montreal, Toronto and Florida. https://levysalis.com/

 

Darren and Shlomi discuss ways Canadians can buy US property, how to raise financing, differences between US states, and various what-if scenarios. What happens if someone becomes incapacitated? What are the rights of survivorship? How Power of Attorney differs between the two countries. Never mind all the potential issues with tax such as how to avoid double taxation. 

]]> Canadians who buy real estate in the United States often do so for emotional reasons but aren’t aware of all the problems that can arise. Darren tackles this with Shlomi Levy of Levy Salis LLP, whose practice is dedicated to US and Canadian tax and estate planning for individuals and corporations. The firm has offices in Montreal, Toronto and Florida. https://levysalis.com/

 

Darren and Shlomi discuss ways Canadians can buy US property, how to raise financing, differences between US states, and various what-if scenarios. What happens if someone becomes incapacitated? What are the rights of survivorship? How Power of Attorney differs between the two countries. Never mind all the potential issues with tax such as how to avoid double taxation. 

]]> Wed, 27 Mar 2024 07:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2593 Canadians who buy real estate in the United States often do so for emotional reasons but aren’t aware of all the problems that can arise. Darren tackles this with Shlomi Levy of Levy Salis LLP, whose practice is dedicated to US and Canadian tax and estate planning for individuals and corporations. The firm has offices in Montreal, Toronto and Florida. https://levysalis.com/

 

Darren and Shlomi discuss ways Canadians can buy US property, how to raise financing, differences between US states, and various what-if scenarios. What happens if someone becomes incapacitated? What are the rights of survivorship? How Power of Attorney differs between the two countries. Never mind all the potential issues with tax such as how to avoid double taxation. 

]]> investment, taxes, wealth management, cross-border No Love, Work and School … or Bust 2 2 6 6 Love, Work and School … or Bust full 2ccf8e2a-1b97-4826-8ddc-18e835dba4bb https://share.transistor.fm/s/a8ae140d Today people can work from anywhere – even across national borders – that coupled with increasingly mobile families means citizenship and immigration issues often come to the fore. People usually move from Canada to the US, or vice versa, because of three things – love, work or school.
Melissa Babel is an immigration lawyer who runs a boutique firm https://babelimmigrationlaw.com that deals with citizenship and immigration matters. In this episode, Darren and Melissa address a host of issues that may arise. It could involve individuals or couples with dual citizenship, tax matters arising from two countries with very different systems, the desire to renounce one’s citizenship, or seeking employment for family members after a person accepts a job offer across the border.
The common theme is that cross-border reality and compliance tend to be more complicated than people realize. And many do not plan accordingly. There is also the matter of changing laws. For example, a Canadian working in the US can pass on their Canadian citizenship to the first generation born there, but not to the second. But this may be changing. 

]]> Today people can work from anywhere – even across national borders – that coupled with increasingly mobile families means citizenship and immigration issues often come to the fore. People usually move from Canada to the US, or vice versa, because of three things – love, work or school.
Melissa Babel is an immigration lawyer who runs a boutique firm https://babelimmigrationlaw.com that deals with citizenship and immigration matters. In this episode, Darren and Melissa address a host of issues that may arise. It could involve individuals or couples with dual citizenship, tax matters arising from two countries with very different systems, the desire to renounce one’s citizenship, or seeking employment for family members after a person accepts a job offer across the border.
The common theme is that cross-border reality and compliance tend to be more complicated than people realize. And many do not plan accordingly. There is also the matter of changing laws. For example, a Canadian working in the US can pass on their Canadian citizenship to the first generation born there, but not to the second. But this may be changing. 

]]> Wed, 06 Mar 2024 07:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2287 Today people can work from anywhere – even across national borders – that coupled with increasingly mobile families means citizenship and immigration issues often come to the fore. People usually move from Canada to the US, or vice versa, because of three things – love, work or school.
Melissa Babel is an immigration lawyer who runs a boutique firm https://babelimmigrationlaw.com that deals with citizenship and immigration matters. In this episode, Darren and Melissa address a host of issues that may arise. It could involve individuals or couples with dual citizenship, tax matters arising from two countries with very different systems, the desire to renounce one’s citizenship, or seeking employment for family members after a person accepts a job offer across the border.
The common theme is that cross-border reality and compliance tend to be more complicated than people realize. And many do not plan accordingly. There is also the matter of changing laws. For example, a Canadian working in the US can pass on their Canadian citizenship to the first generation born there, but not to the second. But this may be changing. 

]]> investment, taxes, wealth management, cross-border No The Accidental American 2 2 5 5 The Accidental American full 6da81906-f3e7-4535-9312-d28ccc1d6d3d https://share.transistor.fm/s/a8a08686 Darren’s guest is Laura McLeman, a Certified Professional Accountant and Certified Public Accountant, and expert on cross-border tax. She said the largest population of Americans living outside the U.S. is in Canada, and that many of them have tax issues. Like being an ‘accidental American.’ People born in the U.S. but who have lived most of their lives in Canada often don’t realize they must file a tax return. Darren and Laura also explore potential pitfalls of carrying a Green Card, the complexities of cross-border banking and cross-border estate planning, and why it’s best to get professional help from experts who know the tax regime in both countries.

https://www.linkedin.com/in/laura-mcleman-cpa-ca/
https://www.thecleverfirm.com/about-us

 

]]> Darren’s guest is Laura McLeman, a Certified Professional Accountant and Certified Public Accountant, and expert on cross-border tax. She said the largest population of Americans living outside the U.S. is in Canada, and that many of them have tax issues. Like being an ‘accidental American.’ People born in the U.S. but who have lived most of their lives in Canada often don’t realize they must file a tax return. Darren and Laura also explore potential pitfalls of carrying a Green Card, the complexities of cross-border banking and cross-border estate planning, and why it’s best to get professional help from experts who know the tax regime in both countries.

https://www.linkedin.com/in/laura-mcleman-cpa-ca/
https://www.thecleverfirm.com/about-us

 

]]> Thu, 08 Feb 2024 08:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 3152 Darren’s guest is Laura McLeman, a Certified Professional Accountant and Certified Public Accountant, and expert on cross-border tax. She said the largest population of Americans living outside the U.S. is in Canada, and that many of them have tax issues. Like being an ‘accidental American.’ People born in the U.S. but who have lived most of their lives in Canada often don’t realize they must file a tax return. Darren and Laura also explore potential pitfalls of carrying a Green Card, the complexities of cross-border banking and cross-border estate planning, and why it’s best to get professional help from experts who know the tax regime in both countries.

https://www.linkedin.com/in/laura-mcleman-cpa-ca/
https://www.thecleverfirm.com/about-us

 

]]> investment, taxes, wealth management, cross-border No “So, I married an American…” 2 2 4 4 “So, I married an American…” full f590fc64-4e5f-49c2-80c3-06e4a37c3829 https://share.transistor.fm/s/61ba1a37 All sorts of cross-border issues can arise when a Canadian decides to marry an American and many couples are not prepared. That’s the subject of this episode. Joining Darren is Véronique Malka, founder of the Canadian Law Group, a Canadian mobility firm based in New Jersey with offices north of the border. https://canadianlawgroup.com/about/ 

Véronique and Darren have seen everything. That includes a couple planning an expensive wedding only to learn one of them wasn’t allowed over the border, a person who wanted to bring work tools from one country to the other without having the required visa, and a couple who were cleared to cross but not with their children.

Their discussion explains how the border can easily get in the way of a couple who are already married or who plan to. That may involve problems with work visas (permanent and temporary), immigration documents, sponsorship of children, not to mention tax and investment accounts.

]]> All sorts of cross-border issues can arise when a Canadian decides to marry an American and many couples are not prepared. That’s the subject of this episode. Joining Darren is Véronique Malka, founder of the Canadian Law Group, a Canadian mobility firm based in New Jersey with offices north of the border. https://canadianlawgroup.com/about/ 

Véronique and Darren have seen everything. That includes a couple planning an expensive wedding only to learn one of them wasn’t allowed over the border, a person who wanted to bring work tools from one country to the other without having the required visa, and a couple who were cleared to cross but not with their children.

Their discussion explains how the border can easily get in the way of a couple who are already married or who plan to. That may involve problems with work visas (permanent and temporary), immigration documents, sponsorship of children, not to mention tax and investment accounts.

]]> Wed, 10 Jan 2024 08:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2459 All sorts of cross-border issues can arise when a Canadian decides to marry an American and many couples are not prepared. That’s the subject of this episode. Joining Darren is Véronique Malka, founder of the Canadian Law Group, a Canadian mobility firm based in New Jersey with offices north of the border. https://canadianlawgroup.com/about/ 

Véronique and Darren have seen everything. That includes a couple planning an expensive wedding only to learn one of them wasn’t allowed over the border, a person who wanted to bring work tools from one country to the other without having the required visa, and a couple who were cleared to cross but not with their children.

Their discussion explains how the border can easily get in the way of a couple who are already married or who plan to. That may involve problems with work visas (permanent and temporary), immigration documents, sponsorship of children, not to mention tax and investment accounts.

]]> investment, taxes, wealth management, cross-border No Will living longer zap your finances? 2 2 3 3 Will living longer zap your finances? full c696c7c5-2e7f-4d7e-827d-f6fca88434e9 https://share.transistor.fm/s/dc942131 The financial planning industry has it wrong when it comes to giving retirement advice because all the models and plans being used are out of date. On episode 3, it's Darren with guest Dr. Preet Banerjee, and the two discuss this phenomenon of living longer and its impact on finances.
Links... preetbanerjee.com
twitter.com/preetbanerjee 
www.youtube.com/@PreetBanerjee
Real or AI? www.youtube.com/watch?v=d3626gL14lM  


]]> The financial planning industry has it wrong when it comes to giving retirement advice because all the models and plans being used are out of date. On episode 3, it's Darren with guest Dr. Preet Banerjee, and the two discuss this phenomenon of living longer and its impact on finances.
Links... preetbanerjee.com
twitter.com/preetbanerjee 
www.youtube.com/@PreetBanerjee
Real or AI? www.youtube.com/watch?v=d3626gL14lM  


]]> Tue, 12 Dec 2023 08:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2537 The financial planning industry has it wrong when it comes to giving retirement advice because all the models and plans being used are out of date. On episode 3, it's Darren with guest Dr. Preet Banerjee, and the two discuss this phenomenon of living longer and its impact on finances.
Links... preetbanerjee.com
twitter.com/preetbanerjee 
www.youtube.com/@PreetBanerjee
Real or AI? www.youtube.com/watch?v=d3626gL14lM  


]]> investment, taxes, wealth management, cross-border No Working in the USA 2 2 2 2 Working in the USA full cd76e4e5-5971-46b7-8db2-1384d50457a3 https://share.transistor.fm/s/4f3d18a5 Canadians who work in the US often don’t realize how complicated that can be with multiple issues concerning immigration and visas, managing accounts with various financial institutions, not to mention situations involving other family members. All these things are addressed in this episode of Two Way Traffic. Once again, joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

]]> Canadians who work in the US often don’t realize how complicated that can be with multiple issues concerning immigration and visas, managing accounts with various financial institutions, not to mention situations involving other family members. All these things are addressed in this episode of Two Way Traffic. Once again, joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

]]> Tue, 07 Nov 2023 11:34:38 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2605 Canadians who work in the US often don’t realize how complicated that can be with multiple issues concerning immigration and visas, managing accounts with various financial institutions, not to mention situations involving other family members. All these things are addressed in this episode of Two Way Traffic. Once again, joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

]]> investment, taxes, wealth management, cross-border No Two Way Traffic is back! 2 2 1 1 Two Way Traffic is back! full 837ff535-d324-4377-9f73-605f2ff68d92 https://share.transistor.fm/s/3809e5b0 Welcome back! On this episode of Two Way Traffic, Darren gets into an array of financial and immigration topics – implications of the Canada-US-Mexico Agreement which replaced NAFTA, non-immigrant vs. immigrant visas, potential tax issues especially since the two countries have different tax regimes, how to qualify for a mortgage in the U.S., and how to handle your investment accounts on either side of the border. Joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

]]> Welcome back! On this episode of Two Way Traffic, Darren gets into an array of financial and immigration topics – implications of the Canada-US-Mexico Agreement which replaced NAFTA, non-immigrant vs. immigrant visas, potential tax issues especially since the two countries have different tax regimes, how to qualify for a mortgage in the U.S., and how to handle your investment accounts on either side of the border. Joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

]]> Wed, 11 Oct 2023 13:59:45 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 2613 Welcome back! On this episode of Two Way Traffic, Darren gets into an array of financial and immigration topics – implications of the Canada-US-Mexico Agreement which replaced NAFTA, non-immigrant vs. immigrant visas, potential tax issues especially since the two countries have different tax regimes, how to qualify for a mortgage in the U.S., and how to handle your investment accounts on either side of the border. Joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. https://hypotec.com/AboutUs/Company

]]> investment, taxes, wealth management, cross-border No A New President: Another look at Joe Biden’s Economic Policies & Platforms 1 1 6 6 A New President: Another look at Joe Biden’s Economic Policies & Platforms full be2500e0-174a-4ac7-b9b2-598e0ae53348 https://share.transistor.fm/s/8c1f55a9 It’s 2021, and Covid-19 is still with us, but Donald Trump is not. On this, the second of two episodes recorded on January 22nd, just a couple days after the inauguration… Elena and Darren discuss President Joe Biden’s upcoming changes coming for both personal & corporate taxation, with a big focus on the potential corporate reforms..

Much of this conversation stems from a January 6th Globe & Mail article featuring Darren & Elena,  entitled How Biden’s tax proposals could affect U.S. persons in Canada.                         

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

]]> It’s 2021, and Covid-19 is still with us, but Donald Trump is not. On this, the second of two episodes recorded on January 22nd, just a couple days after the inauguration… Elena and Darren discuss President Joe Biden’s upcoming changes coming for both personal & corporate taxation, with a big focus on the potential corporate reforms..

Much of this conversation stems from a January 6th Globe & Mail article featuring Darren & Elena,  entitled How Biden’s tax proposals could affect U.S. persons in Canada.                         

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

]]> Sun, 14 Feb 2021 07:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1307 Darren and Elena are back for another look at President Biden’s upcoming changes coming for both personal & corporate taxation. This episode they really focus on his potential corporate reforms. Darren and Elena are back for another look at President Biden’s upcoming changes coming for both personal & corporate taxation. This episode they really focus on his potential corporate reforms. investment, taxes, wealth management, cross-border No A New President: A look at some of Joe Biden’s upcoming Economic Policies & Platforms 1 1 5 5 A New President: A look at some of Joe Biden’s upcoming Economic Policies & Platforms full 21dc90a8-33df-43a1-bf52-360052b63008 https://share.transistor.fm/s/0accd565 Welcome back Elena and Darren! It is 2021 and Covid-19 is still with us, but Donald Trump is not. On the next two episodes, both recorded on January 22nd, just a couple days after the Inauguration… Elena and Darren discuss President Joe Biden’s potential changes coming for both personal & corporate taxation.
Much of the conversation stems from a January 6th Globe & Mail article featuring Darren & Elena, entitled How Biden’s tax proposals could affect U.S. persons in Canada.                       

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

 

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com 

]]> Welcome back Elena and Darren! It is 2021 and Covid-19 is still with us, but Donald Trump is not. On the next two episodes, both recorded on January 22nd, just a couple days after the Inauguration… Elena and Darren discuss President Joe Biden’s potential changes coming for both personal & corporate taxation.
Much of the conversation stems from a January 6th Globe & Mail article featuring Darren & Elena, entitled How Biden’s tax proposals could affect U.S. persons in Canada.                       

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

 

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com 

]]> Sat, 30 Jan 2021 14:06:33 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1357 Darren and Elena discuss President Joe Biden’s potential changes coming for both personal & corporate taxation. Darren and Elena discuss President Joe Biden’s potential changes coming for both personal & corporate taxation. investment, taxes, wealth management, cross-border No COVID-19 and the New Economy: Keep planning for the future or embrace the apocalypse? 1 1 4 4 COVID-19 and the New Economy: Keep planning for the future or embrace the apocalypse? full f9a2ee9f-b2fc-425b-a8ec-6719cc3f0702 https://share.transistor.fm/s/ea878db8 Elena and Darren discuss the fallout of COVID-19 from an economic and crossborder tax perspective. Tune in to find out how you should approach the current situation in terms of financial mindset and how you can plan for life after quarantine. Topics in episode 4 include:

  • Measures the Canadian and U.S. governments are taking to support families / workers and stimulate the economy during this unprecedented downturn
  • Differences between Canadian and U.S. stimulus packages and tax systems
  • Positive steps to take to mitigate financial hardship (hint: make sure you work with a knowledgeable advisor) 
  • Capital losses / gains as a tax planning tool in times of economic uncertainty
  • How behaviourial changes resulting from the pandemic will shape the future economy (online shopping vs. malls, increased telecommuting, etc.)
  • A reminder to stay one hockey stick apart!

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

]]> Elena and Darren discuss the fallout of COVID-19 from an economic and crossborder tax perspective. Tune in to find out how you should approach the current situation in terms of financial mindset and how you can plan for life after quarantine. Topics in episode 4 include:

  • Measures the Canadian and U.S. governments are taking to support families / workers and stimulate the economy during this unprecedented downturn
  • Differences between Canadian and U.S. stimulus packages and tax systems
  • Positive steps to take to mitigate financial hardship (hint: make sure you work with a knowledgeable advisor) 
  • Capital losses / gains as a tax planning tool in times of economic uncertainty
  • How behaviourial changes resulting from the pandemic will shape the future economy (online shopping vs. malls, increased telecommuting, etc.)
  • A reminder to stay one hockey stick apart!

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

]]> Fri, 27 Mar 2020 17:15:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1389 Elena and Darren talk about the economic impacts of the novel coronavirus pandemic on both sides of the border. Elena and Darren talk about the economic impacts of the novel coronavirus pandemic on both sides of the border. investment, taxes, wealth management, cross-border No Cross-border Complexity for Snowbirds: Bring on sunshine without double taxation 1 1 3 3 Cross-border Complexity for Snowbirds: Bring on sunshine without double taxation full f7ca3f19-9403-4faa-9102-bcd47086f294 https://share.transistor.fm/s/db9e7481 In episode 3, the cross-border discussion continues with a look at the many U.S. tax considerations for “snowbirds”, including health coverage, tracking days spent in the U.S., buying property, and cross-border banking and investment instructions. Listen to a candid discussion on the following topics. 

  • The Substantial Presence Test and Closer Connection Exception – When does a snowbird become a U.S. resident for tax purposes?
  • The difference between worldwide taxation vs. worldwide reporting obligations.
  • Structuring U.S. real estate assets to avoid estate tax and double taxation.
  • Financing cross-border property purchases when you can’t obtain a mortgage in the U.S.
  • The complexities of engaging with your Canadian financial institution(s) to make transactions while on U.S. soil. 

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com


]]> In episode 3, the cross-border discussion continues with a look at the many U.S. tax considerations for “snowbirds”, including health coverage, tracking days spent in the U.S., buying property, and cross-border banking and investment instructions. Listen to a candid discussion on the following topics. 

  • The Substantial Presence Test and Closer Connection Exception – When does a snowbird become a U.S. resident for tax purposes?
  • The difference between worldwide taxation vs. worldwide reporting obligations.
  • Structuring U.S. real estate assets to avoid estate tax and double taxation.
  • Financing cross-border property purchases when you can’t obtain a mortgage in the U.S.
  • The complexities of engaging with your Canadian financial institution(s) to make transactions while on U.S. soil. 

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com


]]> Sun, 22 Mar 2020 13:00:00 -0400 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1441 Elena and Darren talk about the less than sunny side of being a Canadian who spends the winter months south of the border. Elena and Darren talk about the less than sunny side of being a Canadian who spends the winter months south of the border. investment, taxes, wealth management, cross-border No Episode 2: Cross-border Complexity for Business Owners: The ties that bind you…to the IRS and CRA 1 1 2 2 Episode 2: Cross-border Complexity for Business Owners: The ties that bind you…to the IRS and CRA full 14f2bd4b-b32a-44fc-808f-c1e6b6ea16d1 https://share.transistor.fm/s/17da6c99 In episode 2, we carry on our discussion around cross-border mobility, this time from the perspective of the owner-manager.


—   Cross border Employees – Temporary vs. permanent assignees.

—   Tax Residency – Obligations to host country and home country.

—   Retirement Plans – Protecting retirement accounts before making a cross-border move.

—   Shareholder / Business Owner – Complications with cross border taxation of a corporation and     the mismatch between Canada and U.S. tax provisions.

—   Passive Foreign Investment Corporations (PFICs) – Additional filing obligations and making certain timely elections.

—   Trump’s Transition Tax – Canadian businesses with a U.S. owner, beware.

—   Ostrich Syndrome – U.S. citizens living in Canada and ignoring tax obligations.


This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

]]> In episode 2, we carry on our discussion around cross-border mobility, this time from the perspective of the owner-manager.


—   Cross border Employees – Temporary vs. permanent assignees.

—   Tax Residency – Obligations to host country and home country.

—   Retirement Plans – Protecting retirement accounts before making a cross-border move.

—   Shareholder / Business Owner – Complications with cross border taxation of a corporation and     the mismatch between Canada and U.S. tax provisions.

—   Passive Foreign Investment Corporations (PFICs) – Additional filing obligations and making certain timely elections.

—   Trump’s Transition Tax – Canadian businesses with a U.S. owner, beware.

—   Ostrich Syndrome – U.S. citizens living in Canada and ignoring tax obligations.


This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.


This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com

]]> Mon, 24 Feb 2020 17:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1274 Elena and Darren talk about the many complexities that business owners and their employees face with movement from one side of the Canada / U.S. border to the other. Elena and Darren talk about the many complexities that business owners and their employees face with movement from one side of the Canada / U.S. border to the other. investment, taxes, wealth management, cross-border No 01: Common Cross-border Tax Issues / Mobility 1 1 1 1 01: Common Cross-border Tax Issues / Mobility full 8229f571-a91d-45e9-8d75-fb10af85b305 https://share.transistor.fm/s/f80076f1 In this episode, we introduce many common cross-border issues that may arise when someone has money, family on both sides of the border or changes their tax home.


These are:

  • Tax Residency – how this is defined differently in Canada and the U.S.
  • Tax Reporting – how this may arise unexpectedly when a U.S. person holds certain investments such as PFIC’s and CFC’s
  • How Canadian savings vehicles such as RESP’s, RRSP’s, and TFSA’s may be an issue for U.S. persons
  • The difference between a U.S. Person expatriating from the U.S. vs a Canadian becoming a Non-Resident of Canada
  • The importance of integrating financial, legal, and accounting cross-border services in proper investment and tax planning

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com


]]> In this episode, we introduce many common cross-border issues that may arise when someone has money, family on both sides of the border or changes their tax home.


These are:

  • Tax Residency – how this is defined differently in Canada and the U.S.
  • Tax Reporting – how this may arise unexpectedly when a U.S. person holds certain investments such as PFIC’s and CFC’s
  • How Canadian savings vehicles such as RESP’s, RRSP’s, and TFSA’s may be an issue for U.S. persons
  • The difference between a U.S. Person expatriating from the U.S. vs a Canadian becoming a Non-Resident of Canada
  • The importance of integrating financial, legal, and accounting cross-border services in proper investment and tax planning

This podcast is brought to you by Hanson Crossborder Tax Inc. If you need expert advice on cross-border tax matters, contact us toll free at 1-855-640-1730 or visit us at hcbtax.com. If you are a US or a Canadian person living, studying, working, doing business, vacationing, or retiring across the border, have you considered all your possible tax obligations? And are you sure you’ve done proper planning to maximize your tax savings and minimize risks? We can help! Call us at 1-855-640-1730 or visit hcbtax.com.

This podcast is also brought to you by Darren Coleman at Portage Cross Border Wealth Management of Raymond James, specializing in assisting successful people with the complicated financial matters of having money and family on both sides of the border. Darren and his team are uniquely licensed as Advisors in both Canada and the USA and can often solve problems domestic financial institutions cannot. For more information, call us at 416-597-7906 or visit portagewealth.com


]]> Mon, 13 Jan 2020 21:00:00 -0500 Darren Coleman / Acme Podcasting Company Darren Coleman / Acme Podcasting Company 1343 Elena and Darren explain common Canada-US cross-border tax and investment issues that may arise when someone has money or family on both sides of the border or moving to live in another country. Elena and Darren explain common Canada-US cross-border tax and investment issues that may arise when someone has money or family on both sides of the border or moving to live in another country. investment, taxes, wealth management, cross-border No