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Canada U.S. Tax Treaty – US Nonresident Alien Using “Married Filing Joint” Tax Rates

01/01/1970
Two recent client situations remind us that certain provisions in the Canada US Income Tax Convention (“Treaty”) can lower a client’s overall tax liability even where the answer isn’t so obvious when entering information in tax software. The first example is the subject of today’s ...
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Don’t forget about State and Local income tax implications when working in the US!

01/01/1970
The domestic tax implications of living and working in one country are generally straight-forward. While there may be from time to time some complicating domestic tax issues, generally, with a bit of resourcefulness you don’t need to be a tax specialist to resolve the personal ...
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Cross-border Gifts – Application of Article XIII – Gains

01/01/1970
Last month, we described a situation where a Canadian resident, nonresident alien of the US used the Canada – US Income Tax Convention (“Treaty”) to reduce their overall tax liability on employment income earned in the U.S. The second part of our Treaty example concerns ...
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Mexican Land Trusts are Not Trusts for US Federal Income Tax Purposes

01/01/1970
In a recent Revenue Ruling, the IRS concluded that a fideicomiso or Mexican Land Trust (“MLT”) arrangement is not a trust for U.S. federal income tax purposes. This was welcome news to many U.S. citizens that own land located in Mexico through an MLT. As ...
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Death and Taxes – U.S. Citizens Living in Canada

01/01/1970
U.S. citizens who die while resident in Canada face taxation issues from two countries: Canadian income tax on unrealized gains and certain tax deferred assets and U.S. federal estate tax on the fair market value of all assets. This blog briefly summarizes the tax issues ...
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01/01/1970
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Repaying your Canadian-dollar mortgage? Don’t be surprised by a US tax bill.

01/01/1970
The ownership of real property is often made possible with mortgage and other debt financing. Such mortgage financing offers a U.S. taxpayer the ability to deduct for income tax purposes the interest paid, subject to some limitations. The repayment of the mortgage would not normally ...
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Operation Christmas child is underway

Operation Christmas Child is Underway

01/01/1970
As the holidays approach, we at W.L. Dueck feel more and more thankful for our challenging yet rewarding work in cross-border tax. What better way to celebrate than to give to those in need? This year, we took part in packing gift boxes for Samaritan’s ...
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FATCA: Transfer of Banking Information to IRS – Steven Flynn Interviewed by CTV

01/01/1970
Steven Flynn was interviewed by Amy Legate-Wolfe at CTVnews.ca on the topic of dual and U.S. citizens resident in Canada and the impact of the Internal Revenue Services’ FATCA legislation on their banking information. http://www.ctvnews.ca/business/why-some-canadians-bank-info-is-being-sent-to-irs-1.2477572
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Internal Revenue Service Amnesty Programs

01/01/1970
In 2014, the IRS announced changes to its programs to help delinquent taxpayers file U.S. tax returns. We blogged about the changes to the Streamlined Foreign Offshore Procedures and Streamlined Domestic Offshore Procedures before; you can click to read our blog Internal Revenue Service Announces ...
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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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