Two Way Traffic with Darren Coleman
14 episodes - English - Latest episode: 12 days ago -TWO WAY TRAFFIC with Darren Coleman, the Cross border podcast series. On each episode we aim to guide you through the complexities, complications, implications and advantages of having money and family on both sides of the border.
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Episodes
Leaving Las Vegas - or anywhere else in the US. Exit taxes and the price of leaving America
April 18, 2024 11:00 - 46 minutes - 42.4 MBCanadians who return to the country after working south of the border may face “punitive” exit taxes from the U.S. and it doesn’t matter if their leaving is due to a divorce, illness or something else. Darren’s guest is John Richardson of Citizenship Solutions, a Toronto-based lawyer who was born in the U.S. and has lived most of his life in Canada. His practice is largely devoted to assisting Americans who live outside the U.S. John says Americans living in Canada are often treate...
The What If Nightmare... when Canadians buy US property
March 27, 2024 11:00 - 43 minutes - 39.6 MBCanadians who buy real estate in the United States often do so for emotional reasons but aren’t aware of all the problems that can arise. Darren tackles this with Shlomi Levy of Levy Salis LLP, whose practice is dedicated to US and Canadian tax and estate planning for individuals and corporations. The firm has offices in Montreal, Toronto and Florida. https://levysalis.com/ Darren and Shlomi discuss ways Canadians can buy US property, how to raise financing, differences between ...
Love, Work and School … or Bust
March 06, 2024 12:00 - 38 minutes - 34.9 MBToday people can work from anywhere – even across national borders – that coupled with increasingly mobile families means citizenship and immigration issues often come to the fore. People usually move from Canada to the US, or vice versa, because of three things – love, work or school. Melissa Babel is an immigration lawyer who runs a boutique firm https://babelimmigrationlaw.com that deals with citizenship and immigration matters. In this episode, Darren and Melissa address a host...
The Accidental American
February 08, 2024 13:00 - 52 minutes - 48.1 MBDarren’s guest is Laura McLeman, a Certified Professional Accountant and Certified Public Accountant, and expert on cross-border tax. She said the largest population of Americans living outside the U.S. is in Canada, and that many of them have tax issues. Like being an ‘accidental American.’ People born in the U.S. but who have lived most of their lives in Canada often don’t realize they must file a tax return. Darren and Laura also explore potential pitfalls of carrying a Green Car...
“So, I married an American…”
January 10, 2024 13:00 - 40 minutes - 56.4 MBAll sorts of cross-border issues can arise when a Canadian decides to marry an American and many couples are not prepared. That’s the subject of this episode. Joining Darren is Véronique Malka, founder of the Canadian Law Group, a Canadian mobility firm based in New Jersey with offices north of the border. https://canadianlawgroup.com/about/ Véronique and Darren have seen everything. That includes a couple planning an expensive wedding only to learn one of them wasn’t allowed over...
Will living longer zap your finances?
December 12, 2023 13:00 - 42 minutes - 58.1 MBThe financial planning industry has it wrong when it comes to giving retirement advice because all the models and plans being used are out of date. On episode 3, it's Darren with guest Dr. Preet Banerjee, and the two discuss this phenomenon of living longer and its impact on finances. Links... preetbanerjee.com twitter.com/preetbanerjee www.youtube.com/@PreetBanerjee Real or AI? www.youtube.com/watch?v=d3626gL14lM
Working in the USA
November 07, 2023 16:34 - 43 minutes - 59.7 MBCanadians who work in the US often don’t realize how complicated that can be with multiple issues concerning immigration and visas, managing accounts with various financial institutions, not to mention situations involving other family members. All these things are addressed in this episode of Two Way Traffic. Once again, joining Darren is Véronique Malka, founder of the Canadian Law Group https://canadianlawgroup.com/about/, along with Miami based, Freddy Abitbol of Hypotec Inc. ht...
Two Way Traffic is back!
October 11, 2023 17:59 - 43 minutes - 59.9 MBWelcome back! On this episode of Two Way Traffic, Darren gets into an array of financial and immigration topics – implications of the Canada-US-Mexico Agreement which replaced NAFTA, non-immigrant vs. immigrant visas, potential tax issues especially since the two countries have different tax regimes, how to qualify for a mortgage in the U.S., and how to handle your investment accounts on either side of the border. Joining Darren is Véronique Malka, founder of the Canadian Law Group ...
A New President: Another look at Joe Biden’s Economic Policies & Platforms
February 14, 2021 12:00 - 21 minutes - 30.2 MBIt’s 2021, and Covid-19 is still with us, but Donald Trump is not. On this, the second of two episodes recorded on January 22nd, just a couple days after the inauguration… Elena and Darren discuss President Joe Biden’s upcoming changes coming for both personal & corporate taxation, with a big focus on the potential corporate reforms.. Much of this conversation stems from a January 6th Globe & Mail article featuring Darren & Elena, entitled How Biden’s tax proposals could affect U....
A New President: A look at some of Joe Biden’s upcoming Economic Policies & Platforms
January 30, 2021 19:06 - 22 minutes - 31.4 MBWelcome back Elena and Darren! It is 2021 and Covid-19 is still with us, but Donald Trump is not. On the next two episodes, both recorded on January 22nd, just a couple days after the Inauguration… Elena and Darren discuss President Joe Biden’s potential changes coming for both personal & corporate taxation. Much of the conversation stems from a January 6th Globe & Mail article featuring Darren & Elena, entitled How Biden’s tax proposals could affect U.S. persons in Canada. ...
COVID-19 and the New Economy: Keep planning for the future or embrace the apocalypse?
March 27, 2020 21:15 - 23 minutes - 32.1 MBElena and Darren discuss the fallout of COVID-19 from an economic and crossborder tax perspective. Tune in to find out how you should approach the current situation in terms of financial mindset and how you can plan for life after quarantine. Topics in episode 4 include: Measures the Canadian and U.S. governments are taking to support families / workers and stimulate the economy during this unprecedented downturn Differences between Canadian and U.S. stimulus packages and tax syst...
Cross-border Complexity for Snowbirds: Bring on sunshine without double taxation
March 22, 2020 17:00 - 24 minutes - 33.3 MBIn episode 3, the cross-border discussion continues with a look at the many U.S. tax considerations for “snowbirds”, including health coverage, tracking days spent in the U.S., buying property, and cross-border banking and investment instructions. Listen to a candid discussion on the following topics. The Substantial Presence Test and Closer Connection Exception – When does a snowbird become a U.S. resident for tax purposes? The difference between worldwide taxation vs. worldwide...
Episode 2: Cross-border Complexity for Business Owners: The ties that bind you…to the IRS and CRA
February 24, 2020 22:00 - 21 minutes - 29.4 MBIn episode 2, we carry on our discussion around cross-border mobility, this time from the perspective of the owner-manager. — Cross border Employees – Temporary vs. permanent assignees. — Tax Residency – Obligations to host country and home country. — Retirement Plans – Protecting retirement accounts before making a cross-border move. — Shareholder / Business Owner – Complications with cross border taxation of a corporation and the mismatch between Canada and U.S. ta...
01: Common Cross-border Tax Issues / Mobility
January 14, 2020 02:00 - 22 minutes - 31 MBIn this episode, we introduce many common cross-border issues that may arise when someone has money, family on both sides of the border or changes their tax home. These are: Tax Residency – how this is defined differently in Canada and the U.S. Tax Reporting – how this may arise unexpectedly when a U.S. person holds certain investments such as PFIC’s and CFC’s How Canadian savings vehicles such as RESP’s, RRSP’s, and TFSA’s may be an issue for U.S. persons The difference betwee...