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Non-residents Selling Canadian Real Property

01/01/1970
Monday May 1st is generally the filing tax deadline in Canada for individuals for the 2016 year1. It is also 8 days away from a provincial election in British Columbia. One of the many issues politicians face in urban centers in BC is housing, both ...
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US Tax Reform Implications for Canadians

US Tax Reform Implications for Canadians

01/01/1970
Lunch and Learn Seminar June 8, 2017 Join Steven Flynn and Jay Park for an overview of current US tax reforms and what they mean for Canadians with property and business interests in the U.S. Details are below (click the poster to download). Lunch is ...
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IRS Actions to Solve Non-Compliance of Canadians Earning US Rental Income

01/01/1970
In August, the U.S. Treasury Inspector General for Tax Administration (TIGTA) issued a final report #2017-30-048 entitled “Additional Controls Are Needed to Help Ensure That Non-resident Alien Individual Property Owners Comply with Tax Laws”1. While the TIGTA needs to work on their titles2, the report ...
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US Education Savings Plans for Residents of Canada

Alert for Parents: Education Savings Plans and U.S. Tax Issues

01/01/1970
Children. From the moment they’re born you start planning for their future. And like a lot of good parents, you start to save money for their future education early. Both Canada and the U.S. have great education savings programs whereby generally any plan earnings are ...
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Internal Revenue Service announces changes to Streamlined Programs

01/01/1970
On June 18th, the Internal Revenue Service announced changes to the Offshore Programs to help ease the tax reporting compliance burden on delinquent taxpayers and assist more taxpayers to come forward to get their U.S. tax return filing obligations up to date. Now referred to ...
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Canada-United States Social Security Agreement

01/01/1970
An often overlooked agreement between the two countries can result in significant savings for Canadians moving to the United States. The Canada-United States Social Security Agreement (“Agreement”) provides direction to individuals on which country levies social security taxes, allows for continuation of benefits and coverage ...
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Consulting in the U.S. – Planning in advance well worth it

01/01/1970
Independent consultants in Canada will often incorporate their practice in order to offer some liability protection not otherwise achieved through a sole-proprietorship structure. From a Canadian income tax perspective, the incorporated consultant will often make the choice between compensating himself by way of salary or ...
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Canadian Business Investment in the US

01/01/1970
The US is a natural market for Canadian businesses. While there are many similarities between doing business in Canada and the U.S., it is the differences that require your attention. Canadian corporate tax rates are about a third lower than their equivalent in the U.S., ...
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Revised CRA Form T1135 – CRA Provides Filing Deadline Extension for 2013 Filers

01/01/1970
For the 2013 tax year the Canada Revenue Agency released a revised Form T1135 to report specified foreign property where the cost amount exceeded Cdn$100,000 at any time in the year. This revised form requires detailed reporting of each foreign property as opposed to the ...
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Washington Business and Occupation Tax

01/01/1970
Many Canadian businesses are unaware of the Washington Business and Occupation (“B&O”) Tax when they do business with customers in the State of Washington. The B&O tax is a gross receipts tax levied by various levels of government in Washington. It is calculated based on ...
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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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