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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 Tax LLP frequently accepts referrals from advisors in both Canada and U.S. seeking specialized advice on cross-border tax matters. Andersen Tax LLP 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 […]

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IRS Regulations Clarify 250A Deduction for Individual Owners of Non-U.S. Corporations Subject to GILTI

March 5, 2019

Last 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 […]

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Steven Flynn comments on BC’s new speculation and vacancy tax and the impact on foreign nationals who own Canadian real estate

February 26, 2019

Canada Revenue Agency (CRA) is poised to receive significant data from the BC government that will help tie home ownership to income declarations. While BC’s speculation and vacancy tax is a measure to address the housing crisis in major urban centers in BC, it can also have an impact on “satellite” families who declare very […]

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British Columbia Speculation and Vacancy Tax

January 28, 2019

Owners 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 […]

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