CSI will be performing system maintenance on Saturday April 13th from 5 a.m. until 1 p.m. ET. You will not have access to your “myCSI” student account, nor will you be able to book, cancel or reschedule exams during this time. You can still access your online course materials by visiting connect.csi.ca then connecting to “Blackboard Learn”.

About

This course focuses on cross-border planning and U.S. tax compliance requirements for Canadians spending time in the U.S.

What skills will you develop?

  • Determine how Canadian snowbirds are taxed for U.S. income tax purposes
  • Calculate the number of days that a snowbird spends in the U.S. under the Substantial Presence Test
  • Explain the purposes and filing requirements of the Closer Connection Exception Statement
  • Determine the U.S. income tax filing and withholding tax requirement upon the sale of U.S. real property
  • Explain the purpose of and requirements for obtaining a U.S. Taxpayer Identification Number
  • Explain many of the real estate terms that are unique to U.S. real property purchases
  • Outline the differences between Canadian and U.S. mortgages
  • Calculate the amount of withholding tax that is imposed on different forms of U.S. investment income
  • Identify the U.S. securities rules with respect to managing investment and registered investment accounts on behalf of snowbirds in the U.S.
  • Determine whether a snowbird qualifies for Canadian and U.S. social security benefits
  • List the various and the additional credits available to reduce or eliminate U.S. estate tax
  • Explain and determine the most appropriate strategies to minimize, eliminate or to defer U.S. estate tax
  • Explain to snowbirds clients the features they should look for in travel insurance
  • Explain to clients the use of long-term care, critical illness and property insurance within their risk management planning
  • Describe the requirements for establishing non-residency for Canadian income tax purposes
  • Describe the taxation of Canadian source pension and social security benefits under U.S. tax rules
  • Explain the eligibility requirements for receiving U.S. Medicare

Who should enrol?

  • Investment advisors who are subject to CE requirements for professional development 
  • Financial planners who are subject to CE requirements for professional development 
  • Wealth managers who are subject to CE requirements for professional development