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

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Online Poker Winnings – Taxable in Canada or the U.S.?

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

A recent Canadian tax court case confirmed that an online poker player’s winnings were not subject to Canadian income tax. In Radonjic V. The Queen, 2013 FCC 916, Peter Radonjic, a Coquitlam BC resident, paused his career as a lawyer to play online poker on ...

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 ...

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 ...

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 ...

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 ...

While you were away

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

The weather this summer in the Lower Mainland was one of the best in memory. So while you (and us) were busy on the water or on the golf course, both countries were busy changing and tweaking tax laws as they apply to individuals in ...

IRS Actions to Solve Non-Compliance of Canadians Earning US Rental Income

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

In August, the U.S. Treasury Inspector General for Tax Administration (TIGTA) issued a final report #2017-30-048 entitled “Additional Controls Are Needed to Help Ensure That Non-resident Alien Individual Property Owners Comply with Tax Laws”1. While the TIGTA needs to work on their titles2, the report ...

Update on IRS Streamlined Procedures – Non-residency Requirements

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

On October 13, 2014, the Internal Revenue Service issued further guidance to their revised rules and guidelines on the Streamlined Procedures. We previously wrote about the IRS Streamlined Procedures and a link to our previous blog entry is here http://wldtax.com/internal-revenue-service-announces-changes-streamlined-program In June 2014 when the ...

Strafford PFIC Presentation – Additional Information

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

On January 5, 2017, together with Strafford Publications, Steven Flynn will be presenting on Passive Foreign Investment Companies. In his section of the presentation, Steven will discuss information and tools to help you complete IRS Form 8621 – Information Return by a Shareholder of a ...

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 ...

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.