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Publications by Date

Harsh Result of s. 160(1) of the Canadian Income Tax Act.

Canadian Tax Cases – Mamdani Family Trust and Subsection 160(1). The recent case of Mamdani Family Trust v. HMQ[1] illustrates the absolute nature of subsection 160(1)of the Income Tax Act (the “Act”). The Mamdami Family Trust (the “Trust”) is an inter vivos trust resident in ...
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Canadian Tax 101

Moving to Canada: Canadian Tax 101

Moving to a new country is a significant decision and one of the primary considerations is the tax system. The following is not an exhaustive list, but does provide a general overview of Canadian tax considerations for Americans considering a move north of the border. ...
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Tax

Canadian Sales Tax Alert to Non-residents

Changes to Canadian sales tax, the Goods and Services Tax (“GST”) and Harmonized Sales Tax (“HST”), have been proposed with an effective date of July 1, 2021. The changes are applicable to certain non-residents selling to Canada. Who May be Impacted? Non-residents selling to Canadian ...
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Top 5 Tax Issues: Canadians Doing Business in the U.S.

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Top 5 Tax Issues U.S. Estate and Gift Tax

Top 5 U.S. Estate and Gift Tax Issues for Canadians

The U.S. taxes transfers during an individual’s lifetime (gift tax) and at death (estate tax). These taxes apply to the net value of the asset transferred, not the net gain. Canada only taxes the net gain on assets transferred both before or after death. This article ...
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Webinar Replay – Estate Planning for U.S. Citizens Resident in Canada: Tax 101

Watch Krista Rabidoux and Philip Mei for a review of tax implications on estate planning for U.S. citizens resident in Canada. Topics on the Agenda U.S. Estate Tax  Canadian and U.S. Tax at Death Problems with Common Canadian Strategies Who Should be the Executor U.S. Beneficiaries of Canadian ...
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Importance of Governance Structures for Family Businesses

Governance structures are crucial for the long-term success and sustainability of family businesses.  Unlike public companies, family enterprises face unique challenges, including the intertwining of family dynamics with business operations.  Establishing robust governance structures—such as family councils, boards, and advisory committees—ensures that these businesses remain ...
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Developing Conflict Resolution Guidelines
Creating Formal Procedures for Family Businesses

In family businesses, personal relationships often amplify conflicts, making formal conflict resolution guideline or policies essential.  These guidelines separate personal from business issues, providing clear guidelines for managing disputes and preventing long-term damage.  Given the unique dynamics of family enterprises, conflicts can easily become personal. ...
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FATCA: Transfer of Banking Information to IRS – Steven Flynn Interviewed by CTV

Steven Flynn was interviewed by Amy Legate-Wolfe at CTVnews.ca on the topic of dual and U.S. citizens resident in Canada and the impact of the Internal Revenue Services’ FATCA legislation on their banking information. http://www.ctvnews.ca/business/why-some-canadians-bank-info-is-being-sent-to-irs-1.2477572
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Contact us to learn how we can assist you

The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.