*This is an updated version of the paper originally published on February 27, 2013.*
Canadians who are thinking of regularly spending time in the United States often share two common concerns: Will they become subject to income tax or other reporting to the U.S.? And will they become subject to U.S. estate tax upon death?
While answers to these questions largely depend on individual circumstances, Davis LLP's Will Todd outlines some of the key concepts that are critical in unwinding the complexity surrounding these issues. A two-step guide in estimating U.S. estate tax payable by Canadian estates is also included.