Certain international tax strategies can be effective for high-net-worth families, especially if they have non-resident members. However, the offshore world is complex, confusing, and fraught with difficulties for the uninitiated. The Canadian tax legislation in the international area is extremely complicated. In addition, it can be difficult to find reliable people in foreign jurisdictions to assist with tax-planning structures.
Our extensive experience in implementing international structures, our contacts through the Society of Trust and Estate Practitioners (STEP), and our other connections through ITSG, uniquely qualify us to implement a tax plan for an international family.
In advising high net worth clients, the scope for international tax planning depends very much on individual circumstances.
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