KeatsConnelly Cross-Border Weekly Best of the Web 2013-11-1

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 a mix of articles discussing Warren Buffet,  foreign income reporting,  death and taxes.

Warren Buffett: Top 3 investing mistakes to avoid (www.usatoday.com) Warren Buffett, the billionaire investor with the Midas touch, has a message for Main Street stock investors: “Don’t beat yourself. “The nice thing about investing in stocks is that, over time, equities are going to do well,” Buffett tells USA TODAY. “American business is going to do well. America is going to do well. So you have the tide with you.” Building wealth in stocks is still the way to go, even though the ride can get bumpy from time to time, Buffett, 83, says..

Confused about foreign income reporting? You’re not alone. (www.advisor.ca) A STEP Canada panel expressed frustration yesterday over the new Foreign Income Verification Statement (T1135), which CRA released this past June. Taxpayers who hold foreign property with a cost of more than $100,000 must fill out this form…

Death and taxes: Leave your assets to your heirs instead of the CRA (http://business.financialpost.com) Unlike the U.S., Canada no longer has any form of estate or inheritance tax. Yet despite this, death can trigger a significant income tax bill that, if not properly planned for, can leave an unexpected liability when a loved one passes away. Here is what happens to your non-registered and registered assets when..

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

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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.
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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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