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900,000 Canadian Bank Records Were Recently Sent to the IRS – What you Need to Know

Sharp increase in records sent to the IRS under the Canada-U.S. information sharing deal.

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Canada Revenue Agency Real Estate Audit Penalties in B.C. Reach $200,000 Mark

June 27 2019

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

Canada Revenue Agency, Canadian Real Property

Are you a Lawyer, Accountant, Investment Advisor or Other Professional Looking for Help Resolving a Cross-border Tax Matter for a Client?

April 11 2019

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


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 as 2018. 

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