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Canada Revenue Agency real estate audit penalties in B.C. reach $200,000 mark

Selling Canadian real property? Canada Revenue Agency is increasing audit focus on nonresidents selling Canadian real property. We can assist you.

 

 

 

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

March 5 2019

Last fall, we wrote about the US’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on US persons that own non-US corporations.   GILTI impacts US persons resident in Canada who own Canadian and other non-US corporations. Without effective tax planning, combined US and Canadian tax rates approaching 85% could occur as early as 2018. 

GILTI (Global Intangible Low Taxed Income), IRS (Internal Revenue Service), US Tax Law

Global Intangible Low-Taxed Income (“GILTI”)

October 9 2018

The 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 US. 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 as 2018.

Federal, State And Corporate Returns (US), GILTI (Global Intangible Low Taxed Income), IRS (Internal Revenue Service), Tax Liabilities

Job Posting - Tax Specialist - U.S. and Cross-border Tax

October 1 2018

Andersen Tax is a firm of chartered accountants that, among other things, specializes in US and cross-border tax matters. Our clients include US citizens resident in Canada and Canadian individuals and businesses investing in the US. Our firm provides consulting and tax return preparation services to clients principally in western Canada and the US. Our firm provides consulting and tax return preparation services to clients principally in western Canada and the US.  

Job Posting
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