Canada-U.S. Cross-Border Giving Considerations

For clients with ties to both sides of the Canada-U.S. border, thoughtfully structuring charitable gifts can enhance tax efficiency and maximize a person’s legacy. It is not uncommon for a Canadian to have ties to the U.S. through work, family, education, property, travel or otherwise. The same applies for U.S. persons with ties to Canada. When selecting which charities to benefit during your lifetime and on death, giving across the border may have an impact on available tax credits and deductions.   

This blog highlights considerations for Canadian taxpayers who wish to benefit U.S. charities and U.S. taxpayers who wish to benefit Canadian charities during their lifetime and on their death.