News Article

U.S Tax Reforms and NAFTA: They Impact Canadian Taxpayers

Posted: May 08, 2018 By : Knowledge Bureau Staff Writers
Posted in: Strategic Thinking, Financial Literacy, President - Knowledge Bureau, Evelyn Jacks, evergreen explanatory notes, ce credits, snowbirds, tax education, financial education, financial workshops, Knowledge Journal, Dean Smith, Trump, NAFTA, Canadian Competitiveness, cross-border tax, US tax reform, foreign income, taxpayers abroad, C. Russell Vert, free course trials

Is it still a good idea for snowbirds to own property in the U.S.? Do you have clients who have children studying in the States or a son or daughter marrying a U.S. citizen? How will Canadian small business tax reforms co-mingle with the most significant U. S. tax reform since 1986?

The CE Summits offer deep, new knowledge and 10 CE/CPD Credits, too. Register before May 15 for best tuition offers.

There are dramatic changes constantly occurring affecting cross-border issues that implicate Canadian taxpayers. Canadians married to U.S citizens, with kids studying abroad, and snowbirds are all affected by the recent U.S. tax reforms, and there are implications from the stalling NAFTA talks.

Advisors: join Canada’s most brilliant instructors and cross-border tax experts and get up to speed on these issues that could have deep-rooted effects to the majority of Canadian families.
Evelyn Jacks will be joined by cross-border expert, Dean Smith at three of the four Canadian cities on the Spring CE Summits Tour this May and June.

“The U.S. Tax Cuts and Jobs Act (President Trump’s tax reform) is the largest tax reform undertaken by Congress since President Reagan’s reforms in 1986. Major parts of the legislation deal with how the U.S. taxes foreign income. U.S. taxpayers abroad are significantly impacted by these changes,”  says Dean.

He explains why this knowledge is integral to helping clients mitigate tax risks and achieve financial success, even in light of the fact that a NAFTA deal might not be reached this year – leading to economic repercussions for Canadians with businesses abroad.

“Professional advisors need to understand these impacts so they can provide proactive and timely advice to their clients—both those with U.S. investments, and U.S. persons living in Canada. Failure to do so may result in additional unexpected taxes and compliance burdens.”

You can’t miss this educational opportunity to get insight into these issues, network with other professionals, and learn from some of the top industry experts in Winnipeg on May 29, Calgary on May 30, Vancouver on May 31, or Toronto on June 6. Register online for the Spring CE Summits before the early-bird deadline on May 15, or give us a call at 1.866.953.4769 for more information.

These comprehensive workshops will help you deliver more value to your clients in 2018, and you’ll earn up to 10 CE credits. Take advantage of special group rates when you register tables of ten.

All attendees at any of the four event locations will receive a copy of The Knowledge Journal and access to EverGreen Explanatory Notes, which guide you through the 2018 tax season – addressing both U.S. taxation issues, and all aspects of preparing audit-proof tax returns.

Additional educational resources:

Can’t make these dates? Here are a few other options that will help you increase your understanding of cross-border taxation issues, and in preparing audit-proof 2018 returns:

  1. Purchase your copy of The Knowledge Journal, and sign up for a subscription to EverGreen Explanatory Notes. A free trial is available.
  2. Enroll in the Cross Border Taxation certificate course, and study online at your convenience.
  3. Catch the next CE Summit tour this fall to learn more about the key tax issues impacting investors and small businesses.

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