Andersen, Author at Andersen in Canada

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U.S. State Taxes and Canadian Businesses: Nexus is the Starting Point to an Effective Tax Plan

Andersen 10/27/2020

In our video on U.S. State Taxes, Warren Dueck provides an overview of the concept of nexus as the trigger for applying a wide range of state taxes on Canadian business operations. Warren flags a recent expansion in the definition of nexus that has significant implications for Canadians ...

Top 5 Tax Issues for Americans Moving to Canada

Andersen 10/27/2020

Moving to another country is the most significant tax event in most people’s lifetime. There are wins to be taken advantage of and potential traps to be avoided. Americans have a unique issue in Canada, they will be subject to tax in both Canada and ...

Warren Dueck Interviewed on News Talk 980 CKNW about Tax Issues Arising from Sales of U.S. and Canadian Vacation Properties

Andersen 10/13/2020

ICYMI: As the pandemic drags on and the Canada-U.S. border remains closed, many Canadians and Americans are re-thinking ownership of properties located outside their respective home countries. Warren Dueck recently spoke with Stirling Faux on CKNW News Talk 980 to provide some insight on what ...

Steven Flynn on Global News Radio (Calgary) to Talk Tax on the Sale of U.S. Vacation Property

Andersen 08/25/2020

On August 21st, Steven Flynn was on The Danielle Smith Show, Global News Radio (Calgary) to talk to Danielle and her listeners about the U.S. and Canadian tax implications for Canadians who are contemplating selling their U.S. vacation property. Listen (starting at 13:33) HERE. If ...

COVID-19 Pandemic: Assorted U.S. Corporate and Business Tax Relief Provisions

Andersen 04/03/2020

With the spread of the global COVID-19 pandemic to the U.S., and the resulting impact it has had on the U.S. economy, the U.S. Congress has responded by passing numerous tax law changes to assist small businesses and individuals. Although there are many changes that ...

U.S. Federal and State Tax Filing Deadlines Under COVID-19

Andersen 03/23/2020

On March 20, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the date for both filing and payment of certain U.S. federal income taxes has been deferred from April 15th to July 15th in response to COVID-19. This deferral applies to individuals and business taxpayers ...

reporting compliance on tax-favoured foreign trusts

The IRS issues long-awaited good news for US persons regarding reporting and filing requirements for Canadian tax-favored foreign trusts

Andersen 03/04/2020

Under the Internal Revenue Code (IRC), certain US persons were required to file annual returns with the IRS for transactions with, and ownership of, certain tax-favored retirement and non-retirement trusts established in a jurisdiction outside of the US. The most commonly agreed upon Canadian plans ...

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 ...

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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