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Presentation: Tax tips for new immigrants

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To make it easier for you to prepare meeting materials, we’ve developed these slides on tax tips for new Canadian residents. The presentation is in a Word file to make it simpler to customize the content to your client’s needs.

Preview of Presentation: Tax tips for new immigrants

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Presentation: Tax tips for new immigrants

SLIDE 1

As a new resident to Canada, you could have some tax concerns if you have foreign wealth.

SLIDE 2

If you have a foreign trust, depending on the country of residence, you could be hit with a huge tax bill if you try to make that trust resident in Canada. Or, doing so might actually save you money.

So it’s important to understand the rules.

SLIDE 3

One idea is to establish an inbound trust. This lets a Canadian non-resident transfer the gift or inheritance directly to that trust, with the Canadian resident as a beneficiary.

SLIDE 4

How does this help? The income and gains earned in the trust accumulate on a tax-free basis.

SLIDE 5

Another tax-saving strategy? If you’re married, consider establishing a spousal loan in order to split income.

Courtesy of Advisor.ca © 2018 Transcontinental Media G.P. These materials are for reference and guidelines only. You are responsible for the advice you give your clients.
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