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US Tax vs. Canadian Tax

There 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 ...
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Canadian Tax 101

Moving to Canada: Canadian Tax 101

Moving to a new country is a significant decision and one of the primary considerations is the tax system. The following is not an exhaustive list, but does provide a general overview of Canadian tax considerations for Americans considering a move north of the border. ...
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Harsh Result of s. 160(1) of the Canadian Income Tax Act.

Canadian Tax Cases – Mamdani Family Trust and Subsection 160(1). The recent case of Mamdani Family Trust v. HMQ[1] illustrates the absolute nature of subsection 160(1)of the Income Tax Act (the “Act”). The Mamdami Family Trust (the “Trust”) is an inter vivos trust resident in ...
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What is a business?

What is a Business? According to the Tax Court of Canada.

In two recent cases, the Tax Court of Canada dealt with the issue of “what is a business?” as opposed to a hobby, or something that is not quite yet a business. Callahan v. HMQ[1] and Hurwitz v. HMQ[2], were heard as informal procedure cases ...
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Canadian Covid-19 Small Business Tax Relief; Much Ado About Nothing

The Canadian federal government has announced its response to the Covid-19 Pandemic and is implementing a number of measures to help the economy.[1] In terms of cost, the largest of these measures are designed to increase liquidity and help Canadian firms maintain access to credit ...
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Contact us to learn how we can assist 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.