AdvisorToClient
Conversation Starter Archive

Conversation Starter – FATCA reporting for U.S. citizens

If your client is a U.S. citizen, ask: “Are you aware of the FATCA reporting requirements for 2015?”

Conversation Starter – New spousal trust rules

If your client is in a second marriage, ask your client, “Did you know recent tax changes to trusts can affect your estate?”

Conversation Starter – When to use incentive trusts

Ask your client if they plan to spend their wealth, transfer their wealth or do a combination.

Conversation Starter – Tax planning with non-resident trusts

Ask your client, “Have you considered a more tax-favourable location for your trust?”

Conversation Starter – Non-resident PoAs

Ask your client, “When was the last time you reviewed your will and PoA documents?”

Conversation Starter – T1135 tax traps

Ask your client, “Are you reporting all foreign income, including income from foreign life insurance policies and real property?”

Conversation Starter – Non-resident trusts

If your client receives distributions from a trust, ask your client, “Have you considered the tax implications of your distributions?”

Conversation Starter – Are you taking full advantage of your TFSA?

Ask your client, “Are you taking full advantage of your TFSA?”

Conversation Starter – TFSAs: Not a simple decision

If your client is a private business owner or incorporated professional who invests corporately, ask your client, “Did you know fixed income investments do better in a TFSA, rather than being held corporately?”

Conversation Starter – Tax implications of the new EU trust rules

If your client has a European-domiciled trust, ask, “Would you like to review the tax implications of the new EU rules?”