Canadian Real Property Archives - Andersen in Canada

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Warren Dueck Interviewed on News Talk 980 CKNW about Tax Issues Arising from Sales of U.S. and Canadian Vacation Properties

Andersen 10/13/2020

ICYMI: As the pandemic drags on and the Canada-U.S. border remains closed, many Canadians and Americans are re-thinking ownership of properties located outside their respective home countries. Warren Dueck recently spoke with Stirling Faux on CKNW News Talk 980 to provide some insight on what ...

Canada Revenue Agency real estate audit penalties in B.C. reach $200,000 mark

Andersen 06/27/2019

Selling Canadian real property? Canada Revenue Agency is increasing audit focus on nonresidents selling Canadian real property. We can assist you. Andersen partner Steven Flynn was quoted in a recent news article on the Q1 results of Canada Revenue Agency’s audit program designed to identify ...

Steven Flynn comments on BC’s new speculation and vacancy tax and the impact on foreign nationals who own Canadian real estate

Steven Flynn, CPA, CA, CPA (Washington) 02/26/2019

Canada Revenue Agency (CRA) is poised to receive significant data from the BC government that will help tie home ownership to income declarations. While BC’s speculation and vacancy tax is a measure to address the housing crisis in major urban centers in BC, it can ...

British Columbia Speculation and Vacancy Tax

Steven Flynn, CPA, CA, CPA (Washington) 01/28/2019

Owners of BC residential property need to be aware of the new 2018 British Columbia Speculation and Vacancy Tax affects and how to apply for exemptions. To prevent housing speculation in British Columbia and help turn vacant homes into rentals in its overheated market, the ...

US Federal Income Tax – Gains on Sale of your Home Part 1

Emily Yu, CPA, CGA 12/14/2012

Generally, Canadians living in Canada are not subject to tax on gains from the sale of their principal residence. However, for a Canadian resident who is also a U.S. citizen or resident (including permanent resident or “green-card” holder and those meeting the “substantial presence” test), ...

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.