IIAC updates guidance on U.S. temporary resident exemptions

first_img U.S. congressman introduces residency-based tax bill Keywords Cross-border financial planning,  SnowbirdsCompanies Investment Industry Association of Canada The Investment Industry Association of Canada (IIAC) has revised its guidance for investment dealers serving Canadian clients that are temporarily living in the United States, the industry trade group announced Monday.The IIAC has revised its guidance, which was first issued in 2012, on U.S. states that have adopted regulatory relief for Canadian dealers when they are serving holders of Canadian self-directed retirement plans and Canadian clients who are temporarily living in a particular state. Related news canadian and usa flags mg7/123RF CI acquires another RIA, applies for NYSE listing Share this article and your comments with peers on social media The update includes a new document and spreadsheet with references to state statutes and other notes.The original guidance plus these two newly created documents should be read in conjunction with one another to determine the appropriate requirements for each state, the IIAC says.The revised guidance is available through the IIAC’s members-only website. James Langton Facebook LinkedIn Twitter Snowbirds fighting Ontario health insurance cutslast_img read more