Workshop for Americans: Canadian taxes and your Lake of Bays Property
US taxpayers who own property in Ontario need to know about Canadian taxes. If you transfer ownership to a family member, trust, or corporation, or make a bequest, you (or your estate) will face a tax liability of up to 25% of the capital gain. To learn how the taxes work and explore how conservation can reduce your tax liabilities, join the Foundation and American Friends of Canadian Land Trusts at a workshop on July 25, 10:30am-12:30pm, at the Marsh's Fall Education Centre for presentations and conversations with these leading experts:
- David Power, Senior Tax Consultant, Grant Thornton LLP. David has more than 30 years of experience in Canada/US taxation matters related to cross-border investments by individuals, corporations, partnerships and trusts. His practice extends to estates and cross-border estate planning. David is a Canadian Chartered Accountant and holds a Master's Degree in US taxation law.
- Sandra Tassel, Program Coordinator, American Friends of Canadian Land Trusts. American Friends is a US charity that partners with Canadian conservation organizations to protect natural heritage.
Judith Mills, President, Lake of Bays Heritage Foundation
This workshop is for you if you are a US taxpayer, or know a US taxpayer, who may want to:
- Leave property to family members while minimizing tax liabilities on capital gains
- Preserve a Lake of Bays island or mainland property that you love
- Make a US tax deductible contribution to conservation in Lake of Bays
- To reserve your seat email email@example.com. A light lunch and optional walking tour of Marsh's Falls will follow.
Thank you to the Ontario Land Trust Alliance and the Ontario Trillium Foundation for their generous support in making this workshop happen.