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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.