Personal income taxes

What tax matters are important when emigrating?

By Lorne Saltman | Emigration and Immigration, Personal income taxes, Tax Planning | 4 min read

When you take up residence in another country, have you obtained advice on tax matters both on departure and on any risks of having continuing connections with your former residence? While it is possible with proper planning to minimize tax on expatriation to...

Tax residency in Germany – an Unpleasant Surprise!

By Michael Schmidt | Charities, philanthropy and gifts, Personal income taxes, Residency, Tax Planning | 5 min read

Germany is an attractive place to live in the center of Europe and the EU. It is safe, relaxed and highly developed. Its political system is stable and reliable, while its powerful economy is the largest in Europe. Known for its long and rich cultural history,...

Covid-19 crisis – Succession planning and planning for incapacity

The second wave of Covid-19 in this fall 2020 has shown that the virus is not yet under control and that it may still take us a long time to go back to a new normality. The pandemic has given us time to reflect, prioritize and take up projects that were on stand-by because of our busy lives. Many clients have had time to dedicate to solving family matters and have approached us to set up or...

Can I Create A Trust Under Swiss Law?

Switzerland does not have a law relating to trusts. However, it ratified the Hague Convention regarding trusts and agreed therefore to recognise trusts that are created in accordance to the convention. Switzerland, as a civil law country, does not have a law relating to trusts. The creation of a trust under Swiss law is, therefore, not possible. It is noteworthy, however, that in 2018 the...

Protecting real estate after death – Canadian NPO

If you are considering acquiring a domestic vacation property, you can avoid common pitfalls and take full advantage of opportunities by using appropriate structures to preserve your assets and do so on a tax-effective basis. Non-Profit Corporation My client, David, was concerned that with the growth in the future value of summer vacation properties near Toronto, Canada, there will also come...

Controlling your Trust

Controlling your Trust - A Matter of Some Discretion Two common reasons for the use of trusts in estate planning are to achieve tax efficiencies and to protect assets from potential creditors and claims. These are by no means the only reasons that trusts are utilized, but they are important benefits and are sometimes the primary focus of trust structure. Generally speaking, trusts that...

What you need to know about setting up an Anguilla Foundation

The formalities for creating an Anguilla Foundation are almost as simple as creating an Anguilla Trust, with only a few more formalities for compliance purposes, but essentially not difficult. An Anguilla foundation is established by a natural or legal person making a declaration of establishment in writing, or by a single founder by will, and an initial property endowment of atleast...

Reform of the Swiss Federal Withholding Tax on Interest

For a number of years, endeavors to reform the Swiss federal withholding tax system with regard to the taxation of interest from collective debt instruments have been going on. The reform is generally aimed at strengthening the Swiss debt capital market. The latest proposals would completely do away with federal withholding tax on bond interest. Background to the reform – the current...

What tax matters are important when emigrating?

Tax residency in Germany – an Unpleasant Surprise!

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