US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Welcome to Andersen Tax LLP’s US and cross-border tax blog. We are a team of over 20 tax professionals that work exclusively on US and cross-border tax issues. Our clients include Canadian businesses and individuals with investments in the US and US citizens resident in Canada. We provide both tax consulting and tax return preparation services. We work with individual and business clients and their legal, accounting and financial advisors.

Steven Flynn

British Columbia Speculation and Vacancy Tax

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 Tax on residential property located in certain areas of British Columbia. Where does the British Columbia Speculation and Vacancy Tax Apply? New for 2018, owners are subject to a tax of 0.5% of the assessed value of the property as of July 1, 2018, with the tax rate rising up to… Read More

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Global Intangible Low-Taxed Income (“GILTI”)

The December 2017 US tax reform included a provision to subject to US tax the earnings of intellectual property owned by US investors outside the US. Known by the unfortunate name of GILTI, its application is much broader than just Apple, Amazon, Google and the like. 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 applies… Read More

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CPA Meet Your Employer Event

Andersen Tax LLP attended the “Meet Your Employer Event” organized by CPA Alberta on Friday, September 15, 2018. This event was for post-secondary students and recent graduates seeking relevant work experience for the CPA Professional Education Program (CPA PEP).   Candace Doig, Philip Mei, Paula Owen, Janice Do, and Valison Myers represented Andersen Tax LLP. Over 460 students and recent graduates attended this exciting event and we were delighted to connect with many great potential candidates. If you are a… Read More

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Richmond Office Temporarily CLOSED JUNE 18 and possibly 19 for maintenance

Our Richmond, BC office is currently closed for building maintenance today (June 18) and possibly tomorrow. We apologize for any inconvenience. You may still reach our Richmond staff by email and our Calgary office is open for any deliveries. We will confirm when the building is open again. Thank you for your understanding.

Steven Flynn

US Transition Tax – Update Number Five

Further Relief  As they did before the April 15th tax filing deadline, the IRS once again issued guidance on the US transition tax right before a tax filing deadline. This time, the filing deadline is June 15, the extended filing deadline for US taxpayers abroad, the very group US transition tax impacts.  Guidance published on Monday, June 4th provides filing and payment relief for individuals in certain circumstances. Highlights where an individual taxpayer has a total transition tax liability of… Read More