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Washington State Income Tax

Steven Flynn, CPA, CA, CPA (Washington) 03/23/2026

State Income Tax On Wednesday March 11th, the Washington state legislature voted in favour of a proposed 9.9% income tax. Referred to as the “Millionaires Tax”, the tax is projected to begin in 2028 and be levied on income over US$1 million that is earned ...

U.S. Tax Implications of Using a Non-U.S. Trust

Philip Mei 03/16/2026

Canadian trusts are commonly used in Canadian estate and succession planning. While effective for Canadian planning, they often create additional disclosure requirements or adverse U.S. tax consequences when one or more trust parties live outside Canada. To determine how a trust is taxed for U.S. ...

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How the Proposed Amendment to the Trust-to-Trust Transfer Rules Could Impact Your Clients

Dale Franko 03/03/2026

On January 29, 2026, the Department of Finance requested views and feedback (the “Consultation”) on the draft legislative proposals contained in the November 4, 2025, budget (“the 2025 Budget”. Specifically, the Consultation includes, among other things, the “21-Year Rule”. By way of background, the 21-year ...

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Changes to IRS Refund Payments Beginning in 2026

Paula Owen 02/25/2026

Canadian residents who file U.S. tax returns should be aware of upcoming changes to how the IRS issues tax refunds. The U.S. Treasury is moving toward electronic-only federal disbursements, which will affect refund delivery beginning with the 2025 tax year (2026 filing season). Current Refund ...

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Investing in U.S. Publicly Traded Partnerships: What Non U.S. Investors Need to Know About U.S. Tax and Compliance

Paula Owen 02/23/2026

As Canadian investors continue to look south for diversification and income, U.S. publicly traded partnerships (PTPs) often come up as potential opportunities. While these investments can be attractive, they carry U.S. tax implications that are very different from owning U.S. stocks and are often overlooked. ...

Tax Issues Facing Canadian Technology Entrepreneurs who move to the U.S.

Steven Flynn, CPA, CA, CPA (Washington) 02/11/2026

One advantage Canadian entrepreneurs in the technology space have over those in other industries is mobility. Whether from the demands of their business or a lifestyle choice, many choose to relocate from Canada to the United States. Canadian Departure Tax An individual ceasing Canadian residency ...

The View from Ottawa in One Chart – and what it Means for Your Tax Strategy

Elan Harper 01/15/2026

The chart above, using figures from federal Budget 2025, shows public debt charges rising steadily over the next several years and on track to overtake the combined cost of federal health transfers and health agreement payments by the end of the decade. Budget 2025 also ...

Embracing the Future: AI Agents and Organizational Change

Andersen 01/06/2026

As we head into 2026, I have been reflecting on upcoming trends within organizational operations. One headline that piqued my interest in 2025 was the conversation around AI agents replacing traditional software. The headline from 2025 boldly predicted that by the end of 2026 and ...

How is it Really Going in Ottawa?

Elan Harper 12/23/2025

The early months of the new Parliament have been unusually constrained, both politically and procedurally. Following the spring election, the NDP failed to retain official party status, winning only 7 of the 12 seats required for recognition in the House of Commons. As a result, ...

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Fueling Growth: Why SR&ED ROI Just Got Better

Elan Harper 11/27/2025

Canada’s Scientific Research & Experimental Development (SR&ED) program has been waiting for two years for the enactment of a significantly more generous policy. With higher expenditure limits, restored eligibility for capital costs, and a push for simpler administration, the rules are shifting in favour of innovative ...

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.

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