Andersen Tax LLP moves to Downtown Vancouver July 22, 2019July 2 2019
We are pleased to announce that as of July 22, 2019 our Richmond and Vancouver offices will be relocating to downtown Vancouver at #1230, 1177 West Hastings Street, Vancouver, BC V6E 2K3 All phone and fax numbers will remain the same.
Canada Revenue Agency real estate audit penalties in B.C. reach $200,000 markJune 27 2019
Selling Canadian real property? Canada Revenue Agency is increasing audit focus on nonresidents selling Canadian real property. We can assist you.
IRS Regulations Clarify 250A Deduction for Individual Owners of Non-US Corporations Subject to GILTIMarch 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.
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.