US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘Spouse’


Death and Taxes – US Citizens Living in Canada

US citizens who die while resident in Canada face taxation issues from two countries:  Canadian income tax on unrealized gains and certain tax deferred assets and US federal estate tax on the fair market value of all assets.  This blog briefly summarizes the tax issues and offers some suggestions on how to minimize US federal estate tax. The death of an individual resident in Canada results in a deemed disposition of their assets at fair market value on the date… Read More