KeatsConnelly Cross-Border Weekly Best of the Web 2013-4-12

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we offer an extra dose of stories including a story reviewing just how active actively managed mutual funds actually are, a comparison of mortgages available in Canada and the US, some interesting statistics on debt levels in Canada, a revealing piece on the myriad options for immigration, a view on the Florida housing market and thoughts from Bob Keats on the US as a tax haven.

Your ‘active’ fund might be more passive than you think (www.financialpost.com/) – The debate has increased in recent years about the merits of active investing over passive investing. While there are fair arguments made by both sides, it seems the evidence is largely in favour of passive. One of the main reasons is that most active funds really aren’t active at all, so it waters down the potential for active managers as a group to provide meaningful value…

Another way Americans get better deals: cheap, flexible, 30-year mortgages (www2.macleans.ca) – Finance Minister Jim Flaherty has been scolding mortgage lenders who offer their customers five-year fixed rates below three per cent, lest they spark a flurry of home buying and further inflate Canada’s housing bubble. Meanwhile, south of the border, where the housing market is just beginning to claw its way back from its 2007 implosion, banks are wooing nervous consumers with rates that are just a touch higher—at 3.63 per cent—but can be locked in for 30 years. Not only is that a far better deal than Canada’s current 10-year fixed rates of 3.69 per cent, the maximum term most lenders will offer, but it’s a great way to guard against an inevitable rise in interest rates down the road…

Rocky debt-mountain (www.economist.com) [VIDEO] – Americans and Britons have pared back their levels of debt, but in Canada it has grown…

Through the obstacle course of immigration, many paths to citizenship (www.nbcnews.com) – The talk about reforming the American immigration system has focused on getting 11 million undocumented workers on the path to citizenship. It’s a simple idea that obscures a thorny truth. There is no single path to citizenship. There are hundreds. Which path you take can depend on who your relatives are, whether you are safe in your homeland or how good you are at your job — in the case of one Canadian burlesque dancer, whether you can prove that you twirl your tassels in a truly unique way…

Hey aspiring snowbirds: The Florida housing market could be rebounding (www.theglobeandmail.com) – Florida is known for its amusement parks, but no white-knuckle ride has been quite like the last real estate cycle. From 2004 to 2007, Florida experienced one of the biggest property booms in America. Lax lending policies coupled with borrower greed led to massive growth in a relatively short period of time. Despite the meteoric rise in prices, many believed the market couldn’t fall. But when the U.S. market imploded, Florida was one of the first states to crash. And, like the rest of the country, many watched helplessly as prices and demand plunged…

Retiring To The U.S. Tax Haven (www.privatewealthcanada.ca) – My 30 years of experience in advising Canadians in international tax and financial planning matters told me that a desired tropical lifestyle and reduction in living expenses is available to most Canadians, literally right beneath their noses in the form of the United States of America. The United States meets virtually all of the requirements of a good tax haven for Canadians, but it is almost never mentioned when discussing worldwide tax havens…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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