Taxation Based on Citizenship U.S. citizens resident in Canada are taxable on their worldwide income in both countries. The real question is which country gets to tax it first, which country gives a credit for the other country’s tax and what happens when both countries don’t tax it at the same time or in the […]

Andersen LLP is delighted to congratulate our Partner, Steven Flynn, on 18 years with our firm. Steven has been an integral part of our growth and success, from shortly after the firm’s founding in a home office, in beautiful seaside Steveston, to our current offices in downtown Vancouver, BC. Steven’s work focuses on cross-border tax matters […]

U.S. persons (U.S. citizens, green-card holders and residents under U.S. tax law) resident in Canada are taxable in both Canada and the U.S. on their worldwide income. This blog summarizes some of the related complexities and potential solutions. Canadian Mutual Funds and ETFs   U.S. tax law’s Passive Foreign Investment Company, (PFIC) rules apply to most […]