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

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Strafford – Form 8621 PFIC Presentation January 5, 2017

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

I am pleased to announce that I will be speaking in an upcoming Strafford live webinar, “Form 8621 PFIC Reporting: Navigating the Highly Complex IRS Passive Foreign Investment Company Rules” scheduled for Thursday, January 5, 1:00pm-2:50pm EST. Because of your affiliation with my firm, you ...

Death and Taxes – U.S. Citizens Living in Canada

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

U.S. citizens who die while resident in Canada face taxation issues from two countries: Canadian income tax on unrealized gains and certain tax deferred assets and U.S. federal estate tax on the fair market value of all assets. This blog briefly summarizes the tax issues ...

Changing Canadian and U.S. Tax Law

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

Feedback is a valuable tool for improvement. Whether you are a student seeking advice from a teacher, a professional listening to clients to upgrade service or a young point guard looking to beat a press (pass the basketball instead of dribbling it), we can all ...

How Do I Move to Canada – Tax Edition

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

This week, on the night US primary results came in from Super Tuesday, Citizenship and Immigration Canada reported an increase in its normal website traffic from the U.S. Google reported a spike in the search term “moving to Canada” in the hours and days after. ...

Foreign Bank Account Reporting Forms

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

March means different things to different people. Spring flowers. Longer days. College Basketball. It’s also a time people start to think about their own income tax returns. Deadlines arise in the spring and March 15th is just one such deadline for some U.S. corporations and ...

Internal Revenue Service Amnesty Programs

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

In 2014, the IRS announced changes to its programs to help delinquent taxpayers file U.S. tax returns. We blogged about the changes to the Streamlined Foreign Offshore Procedures and Streamlined Domestic Offshore Procedures before; you can click to read our blog Internal Revenue Service Announces ...

US Filing Obligations of Non-residents of the US

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

There has been a lot of attention in the media about U.S. citizens who live in Canada and their U.S. tax filing obligations. Non-U.S. citizens who are not resident in the U.S. (“NRA” for non-resident aliens) may also have U.S. tax filing obligations where they ...

Canada Revenue Agency Form T1135

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

In its 2013 budget, Canada announced the launch of Stop International Tax Evasion Program aimed at reducing international tax evasion and avoidance. The program allows Canada Revenue Agency to pay rewards to individuals with information on significant international tax non-compliance that leads to the collection ...

Canada U.S. Tax Treaty – US Nonresident Alien Using “Married Filing Joint” Tax Rates

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

Two recent client situations remind us that certain provisions in the Canada US Income Tax Convention (“Treaty”) can lower a client’s overall tax liability even where the answer isn’t so obvious when entering information in tax software. The first example is the subject of today’s ...

Cross-border Gifts – Application of Article XIII – Gains

Steven Flynn, CPA, CA, CPA (Washington) 01/01/1970

Last month, we described a situation where a Canadian resident, nonresident alien of the US used the Canada – US Income Tax Convention (“Treaty”) to reduce their overall tax liability on employment income earned in the U.S. The second part of our Treaty example concerns ...

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.