"Steve Nyvik, in his usual manner, has written a
well-researched and detailed text." "A helpful guide for all Canadian
snowbirds." James E. Rogers, CFP, CLU, CH.F.C. Chair CAIFA Board of
Directors Financial Planning for Snowbirds is a
comprehensive guide designed to help financial advisors to provide expert
advice to clients who are interested in becoming non-residents of Canada.
Financial advisors will gain valuable insight into developing strategies that
will save their clients income and transfer taxes now and for future
generations. A broad overview of key planning concepts is followed by more
in-depth information on the following topics:
- the requirements to become a non-resident of Canada
- the "Departure Tax" and other costs of becoming a
non-resident
- the concerns surrounding medical insurance
- how the US residency rules work
- how the US transfer tax rules work (Estate Tax, Gift Tax and
Generation-Skipping Transfer Tax)
- planning opportunities if one becomes a resident of the US or
of some other country (not Canada, not the US)
Education Planning is part of CCH's Financial Advisor
Series, written by financial advisors for financial advisors; however,
"laypeople" will find the information very interesting and easy to
follow.
Written by Steve Nyvik. Published by CCH Canadian Ltd.,
2001. |
