Andersen, Author at Andersen in Canada

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Canadian Trade Compliance Verification Update – January 2025

Andersen 02/04/2025

In January 2025, the Canada Border Services Agency (CBSA) updated its compliance priorities regarding the classification of commercial goods imported into Canada. General To comply with trade regulations, importers must adhere to all the following requirements which includes: To enforce compliance, the CBSA conducts targeted ...

Capital Gain Reversal: Much Ado About Nothing

Andersen 02/02/2025

On Friday, the Honourable Dominic LeBlanc, Minister of Finance and Intergovernmental Affairs, announced that the federal government is deferring—from June 25, 2024 to January 1, 2026—the date on which the capital gains inclusion rate would increase from one-half to two-thirds on capital gains realized annually ...

U.S. Fifth Circuit Court granted appeal to lift injunction on CTA reporting:

Andersen 01/06/2025

Federal Appeals Court Lifts Block on Anti-Money Laundering Law In a significant legal development, a federal appeals court has lifted an order that had blocked the nationwide enforcement of the Corporate Transparency Act (CTA). This anti-money laundering law mandates that corporate entities disclose the identities ...

Developing Conflict Resolution Guidelines Creating Formal Procedures for Family Businesses

Andersen 01/01/2025

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. ...

Paula Owen promoted to Partner at Andersen in Canada

Andersen 01/01/2025

We’re thrilled to announce Paula Owen’s promotion to Partner at Andersen in Canada. Paula is based in our Calgary office.

Update: Corporate Transparency Act Enforcement and Beneficial Ownership Reporting

Andersen 12/10/2024

Last week, we shared insights on the preliminary injunction halting the enforcement of the Corporate Transparency Act (CTA). The U.S. Department of Justice has since filed an appeal and we have new guidance from FinCEN on CTA enforcement, signalling the evolving BOI reporting requirements. DOJ ...

Nationwide Injunction Halts Corporate Transparency Act: What It Means for Your Business

Andersen 12/05/2024

Corporate Transparency Act (CTA) On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction, temporarily suspending the enforcement of the Corporate Transparency Act (CTA). The decision in Texas Top Cop Shop, Inc. v. Garland pauses the requirement for ...

Communication Strategies for Family Businesses Techniques to Improve Communication and Prevent Misunderstandings

Andersen 12/05/2024

Effective communication is the cornerstone of any successful business, but in family enterprises, it plays an even more crucial role. The unique dynamics of family businesses—where personal relationships intertwine with business decisions—create an environment where miscommunication can quickly lead to misunderstandings, conflicts, and even business ...

Shan Lu promoted to Director at Andersen in Canada

Andersen 12/02/2024

We’re thrilled to announce Shan Lu‘s promotion to Director, Tax at Andersen in Canada. Shan Lu is based in our Vancouver office.

Lanre Afuye promoted to Manager at Andersen in Canada

Andersen 12/02/2024

We’re thrilled to announce Lanre Afuye‘s promotion to Manager, Tax at Andersen in Canada. Lanre is based in our Calgary office.

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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