Steven Flynn, CPA, CA, CPA (Washington), Author at Andersen in Canada

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Selling U.S. Real Property in 2025: Avoiding Tax Pitfalls and Refund Delays for Canadian Residents

Steven Flynn, CPA, CA, CPA (Washington) 04/10/2025

In 2020, Canadians faced critical decisions on what to do with their U.S. real property interests. Due to travel restrictions from the Covid-19 pandemic, many could not visit the U.S. as usual. At the same time, prices in many U.S. markets increased dramatically – giving ...

U.S. Citizens Resident in Canada – Capital Gains Tax Rate

Steven Flynn, CPA, CA, CPA (Washington) 01/06/2025

What should be a straightforward answer gets complicated by recent events in Canadian Parliament and a recent US Tax Court Case. Current Law A U.S. citizen resident in Canada is subject to both U.S. federal income tax and Canadian on their worldwide income. In 2023, ...

Taxation of the Hockey Player Versus the Movie Star

Steven Flynn, CPA, CA, CPA (Washington) 03/04/2024

This is a story of the unusual difference between the Canadian taxation of non-Canadian professional athletes versus non-Canadian actors and actresses. Chapter 1 – The Hometown Hockey Hero Jonathan Tavares grew up in Ontario and played nine seasons for the New York Islanders. He became ...

Strafford Live Webinar, Jan 25, 2022 on U.S.-Canadian Dual Taxation Pitfalls

Steven Flynn, CPA, CA, CPA (Washington) 01/13/2022

I will be on the panel delivering the upcoming Strafford live webinar on U.S.-Canadian Dual Taxation Pitfalls on Tuesday, January 25, 1:00pm-2:50pm EST. This live 110-minute CPE webinar for tax advisors includes an interactive Q&A. The geographical and demographic similarities between Canada and the U.S. ...

COVID-19 travel restrictions for cross-border workers

Canadian COVID-19 Guidelines – Cross-Border Workers

Steven Flynn, CPA, CA, CPA (Washington) 01/12/2022

On December 29, 2021, Canada Revenue Agency (“CRA”) updated its guidance with Part VII – Supplemental Guidance (1) which extends administrative relief for Canadian resident cross-border workers in respect of their 2021 income tax obligations. Individuals concerned about their potential income tax issues because of travel ...

US Education Savings Plans for Residents of Canada

Tax Advantages for Canadian Students Attending U.S. Universities

Steven Flynn, CPA, CA, CPA (Washington) 01/07/2022

Thousands of Canadian students pursue their post-secondary studies in the U.S. each year. The cost of attending a U.S. university is generally higher than Canadian schools. Scholarships that U.S. schools offer can have Canadian tax advantages. Tax-Free Scholarship Income Students from Canada attending U.S. schools generally remain ...

Canadian COVID-19 Guidelines – International Tax

Steven Flynn, CPA, CA, CPA (Washington) 04/06/2021

On April 1, 2021, Canada Revenue Agency (“CRA”) updated its guidance with Part VII – Supplemental Guidance[1] which provides further relief from Canadian residency and Canadian permanent establishment for certain non-residents of Canada and businesses by extending the relief period to December 31, 2020. The updated ...

Top 5 Tax Issues: Canadians with U.S. Vacation Property

Steven Flynn, CPA, CA, CPA (Washington) 11/13/2020

Many Canadians own U.S. vacation property and look forward to winter when they can spend time in their sunny second homes. Canadians that own U.S. real property need to understand the U.S. and Canadian tax issues on the rental or sale of their property. This article ...

Canadians Selling U.S. Vacation Property

Steven Flynn, CPA, CA, CPA (Washington) 08/12/2020

Canadians that own U.S. vacation property look forward to winter when they can spend time in their sunny second homes. The Covid-19 pandemic has dramatically changed plans for those not willing to put themselves and their families at risk by travelling to the U.S. Some ...

Canadian Investment in the U.S.: Entity Choices

Steven Flynn, CPA, CA, CPA (Washington) 08/04/2020

In a recent video, we review the legal entities available for investing in the United States, including LLPs, LLCs, S, and C corporations. Each of these entities has different tax implications in Canada and the United States that help determine whether they are advantageous or ...

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.