Andersen, Author at Andersen in Canada

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Controlled Foreign Corporations Compliance

Final Regulations Partially Mitigate Overbroad Controlled Foreign Corporation Attribution Rules Passed as Part of 2017 U.S. Tax Reform

Andersen 01/28/2020

The U.S. Internal Revenue Service (“IRS”) recently finalized tax regulations under its complex controlled foreign corporation (“CFC”) regime that partially mitigate some of the harsh tax consequences resulting from an apparent drafting error contained in the 2017 U.S. tax reform legislation. The 2017 US tax ...

An Open Letter To Harry & Meghan On The Tax Implications of Moving to Canada

Andersen 01/15/2020

What follows is a rough analysis of Harry and Meghan’s (The Duke and Duchess of Sussex’s) tax situation in Canada, the U.K. and United States. No actual business or client relationship with the Duke and Duchess of Sussex is inferred nor implied. Andersen Tax LLP has not ...

“Just Phoning It In,” Is Not Due Diligence For Directors

Andersen 12/01/2019

In Macdonald v. The Queen, the Tax Court of Canada recently ruled that the directors of a Canadian corporation were liable under section 217.1(1), for both its employee and employer deductions for the unremitted employment insurance premiums (EI) and Canada Pension Plan contributions (CPP), as ...

Moving in a Canoe is Still Moving, But Is It Deductible?

Andersen 11/15/2019

CBC news and the National Post recently reported that the Canada Revenue Agency (“CRA”) agreed to cover the moving expenses of a man who relocated for work in a canoe. See the links below https://www.cbc.ca/news/canada/ottawa/john-konecny-canoe-move-tax-law-canada-1.5355436 https://nationalpost.com/news/my-monty-python-esque-response-to-the-queen-how-one-man-proved-his-point-to-the-government-with-a-canoe John Konecny had been teaching in Whitby, Ontario during ...

Andersen (BC) has moved to Downtown Vancouver

Andersen 07/24/2019

Our Richmond and Vancouver offices have relocated to downtown Vancouver at 1230 – 1177 West Hastings Street, Vancouver, BC V6E 2K3. Our phone and fax numbers remain the same. Click the link for contact numbers. After 21 years in Richmond’s Steveston Village, it was time to ...

Andersen moves to Downtown Vancouver July 22, 2019

Andersen 07/02/2019

We are pleased to announce that as of July 22, 2019 our Richmond and Vancouver offices will be relocating to downtown Vancouver at #1230, 1177 West Hastings Street, Vancouver, BC V6E 2K3 All phone and fax numbers will remain the same. After 21 years in ...

Canada Revenue Agency real estate audit penalties in B.C. reach $200,000 mark

Andersen 06/27/2019

Selling Canadian real property? Canada Revenue Agency is increasing audit focus on nonresidents selling Canadian real property. We can assist you. Andersen partner Steven Flynn was quoted in a recent news article on the Q1 results of Canada Revenue Agency’s audit program designed to identify ...

Clients we serve

Andersen 04/11/2019

Andersen specializes in providing U.S. and Canadian cross-border tax expertise to those individuals, businesses and their financial advisors that have business and investment activities across the Canada-U.S. border. Andersen specializes in providing U.S. and Canadian cross-border tax expertise to those individuals, businesses and their financial ...

Are you a lawyer, accountant, investment advisor or other professional looking for help resolving a cross-border tax matter for a client?

Andersen 04/11/2019

Andersen frequently accepts referrals from advisors in both Canada and U.S. seeking specialized advice on cross-border tax matters. Andersen frequently accepts referrals from advisors in both Canada and U.S. seeking specialized advice on cross-border tax matters including: U.S. Tax Issues for Canadians with U.S. Real ...

IRS Regulations Clarify 250A Deduction for Individual Owners of Non-U.S. Corporations Subject to GILTI

Andersen 03/05/2019

Last fall, we wrote about the U.S.’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on U.S. persons that own non-U.S. corporations. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. ...

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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