EB-5 Program Extended in Current Form until September 30, 2016

Blog by David A. Altro

Altro Levy has been closely following the progress of legislative changes proposed to the U.S’s popular EB-5 investment-for-visa program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. (See my post from Monday here, as well as an earlier, more detailed blog explaining the program’s history here).
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EB-5 Program Gets another Five Days; Congress to Finalize New Bill December 16

Blog by David A. Altro

I recently wrote about the popular EB-5 Regional Center program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. The program was originally set to sunset on December 11, 2015, but has received a short extension until December 16, when it will likely be renewed with improved reforms in place.
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The State of the EB-5 Program: Sunset Date of December 11, 2015 on the Horizon

Blog by David A. Altro

The U.S.’s popular EB-5 investment-for-Green Card program is set to sunset on December 11, 2015; Congress, however, is currently considering proposed legislation that would extend the life of the program beyond December 11. I’ve prepared a short explanation of the EB-5 program, its legislative history and the most important pieces of legislation circulating in Congress right now.
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CBC News – Taxman clamps down on snowbirds heading south, hopes to save millions

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In the news this week are several stories surrounding the Canada Revenue Agency using the number of days Canadians spend abroad to limit access to federally funded programs. CBC Radio One interviewed Matt C. Altro on the topical story which was published on October 27 on CBC’s website.

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Upcoming Radio Show: September 8, 2015

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Tonight, September 8th tune-in to CJAD 800AM at 7PM to hear David A. Altro and Matt C. Altro discuss cross border issues. During the show we will be answering caller questions, but you can submit your questions now and we will answer them on-air.

There are multiple ways to submit a question for our next show:
 

 
If you submit a question remember to tune-in to CJAD 800AM at 7PM tonight.
 
For a full list of upcoming radio shows, please click here.
 
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The Upward Trend of the U.S. Housing Market: Follow-Up to the 2015 Florida Real Estate Market Report

Blog by Shlomi Steve Levy

2015 Florida Real Estate Market Report Predictions

Our firm published the 2015 Florida Real Estate Market Report at the beginning of March. The report provides a comprehensive analysis of the U.S. economy and housing market for Canadians interested in cross border real estate investment, with a particular focus on Florida, tracing U.S. housing market conditions from the crash in 2007 up to March 2015. The report also makes several predictions about how the U.S. housing market will unfold throughout 2015. Three of the report’s key forecasts are:

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Advisor.ca – How an American spouse can minimize U.S. tax

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David A. Altro and Matt C. Altro were recently interviewed by Michelle Schriver from Advisor’s Edge to analyze a case study about a mixed-marriage between a Canadian and American. The analysis was published in the June edition of the Advisor’s Edge magazine and also appeared online on Advisor.ca.

In the article, David and Matt review several investment traps for mixed-marriages including TFSAs and RESPs, passive income sources, a capital gain on the family home, and life insurance. Click here to view the article online or scroll down to read an excerpt from the piece.

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May 2015 – Dollars and Sense Radio Show on CJAD

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Montreal, Quebec – May 19th 2015

On the May 19th episode of Dollars and Sense on CJAD 800 AM, David A. Altro, Florida Attorney, Canadian Legal Advisor and Quebec Notary, Managing Partner at Altro Levy LLP and Matt C. Altro, President & CEO at MCA Cross Border Advisors Inc. discussed several cross border topics.
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LEXPERT Magazine – Confronting the Mental Health Stigma in the Legal Profession

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In a recent article published in LEXPERT Business of Law, Partner and New York & Ontario Attorney Bonnie L. Altro is quoted with regards to mental health in the legal profession and how she works towards building a culture with work-life balance at Altro Levy LLP. Read the rest of this entry »

May 2015 edition of the STEP Journal – Right place, right time

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In the May 2015 edition of the STEP Journal, David A. Altro, Managing Partner and Florida Attorney & Canadian Legal Advisor at Altro Levy LLP, and Heela Donsky, Associate and Ontario Lawyer at Altro Levy LLP, published an article featured in the “US and Canada” section of the journal. In the article they explain when a Canadian resident can defer capital gains tax on the sale of US property.
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