Worldwide Locations:
Edit Content

Share

LinkedIn
X
Facebook
WhatsApp
Skype
Email
Print

Categories

Renunciation of U.S. Citizenship

Renunciation of U.S. Citizenship. What You Need to Know.

Emily Yu, CPA, CGA 05/27/2020
Renunciation of U.S. Citizenship is frequently motivated by a desire to reduce complexity of personal financial affairs and costs of complying with U.S. tax law. There are immigration and significant tax issues that should be considered, and plans that may need to be put in ...
Read More »
Tax Relief

U.S. Federal Income Tax and Information Reporting Relief Procedures for Certain Former U.S. Citizens

Emily Yu, CPA, CGA 01/21/2020
The new procedures are intended to provide relief to eligible individuals who had renounced their U.S. citizenship or plan to renounce. U.S. citizens are subject to U.S. federal income tax and information reporting requirements annually, even if they live outside of the United States. Some ...
Read More »

US Federal Income Tax – Gains on Sale of your Home Part 1

Emily Yu, CPA, CGA 12/14/2012
Generally, Canadians living in Canada are not subject to tax on gains from the sale of their principal residence. However, for a Canadian resident who is also a U.S. citizen or resident (including permanent resident or “green-card” holder and those meeting the “substantial presence” test), ...
Read More »

US Federal Income Tax – Gains on Sale of your Canadian Home Part 2

Emily Yu, CPA, CGA 01/01/1970
When an individual ceases to be a resident of Canada, he is deemed to have sold his worldwide assets (with some exceptions) and is subject to Canadian tax on any accrued gains in the year he emigrates from Canada. While Canadian real properties are not ...
Read More »

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.

Contact Us