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Important tax update – Intergenerational transfers
Prepared by Andersen in Canada, Montreal Partner Patrick Coutu, Tax Director Danny Guérin and Tax Manager Omar Yassine. The tax community has been asking the Canadian government for several years for legislative changes to address the fact that it is currently impossible for Canadians to benefit from their capital gains deduction (“CGD”) when disposing of […]
Jonathan Garbutt talks capital gains taxes in Canada with Shiraz Ahmed on The Quarantine Broadcast
July 12, 2021On June 25, 2021, Andersen Canada Principal Jonathan Garbutt joined Shiraz Ahmed as a guest on The Quarantine Broadcast produced by Sartorial Wealth of Raymond James Ltd. Jonathan spoke with Shiraz about how capital gains taxes work in Canada and was asked to comment on the potential for future increases in capital gains taxes as […]
US Tax vs. Canadian Tax
December 3, 2012There are many similarities between the U.S. and Canada, but there are some significant distinctions between U.S. and Canadian tax law especially for U.S. citizens resident in Canada, including permanent residents of the US (“green-card” holders). For the unwary those distinctions may result in substantial U.S. tax liabilities where those differences are not identified in […]