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Are you a lawyer, accountant, investment advisor or other professional looking for help resolving a cross-border tax matter for a client?
Andersen frequently accepts referrals from advisors in both Canada and U.S. seeking specialized advice on cross-border tax matters. Andersen frequently accepts referrals from advisors in both Canada and U.S. seeking specialized advice on cross-border tax matters including: U.S. Tax Issues for Canadians with U.S. Real Property Tax Issues for U.S. Citizens Resident in Canada Tax […]
IRS Regulations Clarify 250A Deduction for Individual Owners of Non-U.S. Corporations Subject to GILTI
March 5, 2019Last fall, we wrote about the U.S.’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on U.S. persons that own non-U.S. corporations. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. and Canadian tax rates approaching 85% could occur as early […]
British Columbia Speculation and Vacancy Tax
January 28, 2019Owners 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 BC provincial government recently implemented the BC Speculation and Vacancy […]
Global Intangible Low-Taxed Income (“GILTI”)
October 9, 2018The December 2017 U.S. tax reform included a provision to subject to U.S. tax the earnings of intellectual property owned by U.S. investors outside the U.S. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. and Canadian tax rates approaching 85% could occur as […]