Navigating complex cross-border tax rules between two countries
When every option is exhausted, finding the right solution can seem nearly impossible. That’s when our client—an Ontario-based investment company with properties in Canada and the US—came to us. They needed support dividing their US real estate assets into a separate investment structure so they could efficiently divest a portion of them in the future. Due to the cross-border nature of their business, they were dealing with different tax rules and implications between both countries that further complicated the process. Their unique challenges required a team who could dig deep to understand their needs and uncover a tax-efficient option.
Our client wanted to divide their US real estate assets so they could sell some, without impacting others. With different tax rules and implications between the two countries—and some rules that overlapped—they needed a team who understood every nuanced detail and could essentially ‘speak both languages.’ We worked closely with our US tax team to develop an effective plan that would work in Canada and the US. The challenge required us to dig deep and explore multiple options to find the ideal solution. Collaborating across borders provided our client with the expertise required to deal with such a complex issue as well as service they could trust and rely upon. We were quick to respond to their questions and concerns and demonstrated our dedication to helping them achieve tax-efficiency.
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