Andersen, Author at Andersen in Canada

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Andersen Global Takes Initial Step in Expanding Footprint in Canada

Andersen 06/06/2016

SAN FRANCISCO–(BUSINESS WIRE)–Andersen Global is pleased to announce that we are now collaborating with SdM Chartered Professional Accountants, Inc. in Canada. SdM is the first of several firms that are expected to take this initial step toward a more formal relationship with Andersen Global through ...

Form 8621 PFIC Reporting: Webinar with Steven Flynn

Andersen 12/17/2015

On Thursday, January 7, 2016, join Steven Flynn and a panel of cross-border tax specialists for a live webinar designed for tax advisers who deal with passive foreign investment company (PFIC) reporting. This program is eligible for 2.0 Continuing Professional Education credits and the learning ...

Interview with Simon Davari

Andersen 12/12/2015

2014-2015 Major interviews with CPAs As part of the series of major interviews with CPAs, Pénélope McQuade met with three exceptional CPAs who discussed their remarkable career paths, resulting in lively and surprising discussions. Meet the pros.

U.S. State and Local Tax Consideration for Canadian Businesses

Andersen 09/01/2015

Often Canadian businesses are surprised to learn about the reach of U.S. state taxing jurisdictions to assert tax on out-of-state taxpayers. Since none of the 50 states were signatories to the Canada-U.S. Income Tax Convention (the “Treaty”), they are not limited by the Treaty to ...

Canadian Tax Free Savings Accounts – U.S. Tax Treatment

Andersen 08/25/2015

Canadian Tax-Free Savings Accounts (“TFSAs”) can be an excellent way to accumulate savings which will generally never be subject to Canadian income tax while they grow in value whether through investment income or gains. TFSAs have been around since 2009 and began with annual contribution ...

New Foreign Income Reporting Requirements for Canadian Taxpayers: An Update

Andersen 10/28/2013

In an earlier blog post, we discussed the new Stop International Tax Evasion Program and the fact that Canada Revenue would be redesigning its Form T-1135, Foreign Income Verification Statement. Canada Revenue has now released the new T-1135 form outlining the new reporting requirements for ...

American Same Sex Couples in Canada: Tax Effects of the Recent Supreme Court Decision in Windsor v. US

Andersen 08/27/2013

On June 26, 2013, the US Supreme Court overturned Section 3 of the US Federal Defense of Marriage Act, more commonly known as “DOMA”. The effect of this decision is that the U.S. federal government is now required to recognize lawful same-sex marriages where the ...

US Tax vs. Canadian Tax

Andersen 12/03/2012

There are many similarities between the U.S. and Canada, but there are some significant distinctions between U.S. and Canadian tax law especially for U.S. citizens resident in Canada, including permanent residents of the US (“green-card” holders). For the unwary those distinctions may result in substantial ...

US Persons Holding Non-U.S. Mutual Funds

Andersen 11/20/2012

U.S. citizens and lawful permanent residents (green card holders) who hold certain investments may unknowingly be subject to adverse US tax implications where the investments are characterized as investments in Passive Foreign Investment Companies (“PFICs”). PFICs include non-U.S. mutual funds and exchange traded funds (ETFs) ...

US Education Savings Plans for Residents of Canada

Alert for Parents: Education Savings Plans and U.S. Tax Issues

Andersen 01/01/1970

Children. From the moment they’re born you start planning for their future. And like a lot of good parents, you start to save money for their future education early. Both Canada and the U.S. have great education savings programs whereby generally any plan earnings are ...

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.

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