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2012 Canada-US Cross Border Tax Guide

UHY Survival Guide 2012 p1

(Jan 30, 2012) This guide provides an update of tax issues and trends involving the US and Canada.

The twelve-page 2012 Canada-US Cross Border Tax Survival Guide covers issues that many Canadian and US companies, individuals and estates face as they conduct transactions straddling the border.

Jonathan Levy, who leads the Canada US Tax Team, notes that "While treaties have facilitated US - Canada interactions, the tax considerations related to transfer pricing, corporate structures, withholdings, among others are very complex. In addition, tax law changes and legal rulings continuously alter the tax planning landscape."

Topics covered in this guide include:

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US Canada Transfer Pricing


Foreign Asset Reporting

  FBAR Issues

  FATCA Issues


Hybrids

  US LLC’s in Canada

  Canadian ULC’s

  Tower Structures


Withholding Taxes

 Canada - Regulation 102 and 105 issues

 US Withholding Requirements 


Real Estate

 Americans Owning Rental Property in Canada

 Canadians Owning Rental Property in the US


Estates and Trusts

 US Estate Tax

 Canadian Trusts


Renouncing US Citizenship

 Expatriates


Miscellaneous

 Change in “Taxable Canadian Property”

 Permanent Establishment Definition

 Late Filing Penalties

 Sales Tax in Ontario and British Columbia

 US Passive Foreign Investment Corporations (“PFIC”) Rules

 Other US Reporting Issues

 Other Canadian Reporting Issues








About UHY Advisors, Inc. and UHY LLP

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors." UHY Advisors, INc. and its subsidiary entities are not licensed CPA firms.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and UHY LLP are US members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms.

"UHY' is a brand name for the UHY international network. Any services described herein are provided by UHY Advisors and/or UHY LLP (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY not any member of UHY has any liability for services provided by other members.

For additional information about this guide and the Canada US Tax Team, contact:

UHY Victor LLP
Montréal, Canada
+1 514 282 1836 x275

McGovern, Hurley,
Cunningham, LLP
Toronto, Canada
+1 416 496 1234

UHY Advisors
Southfields, MI
+1 586 254 1040

UHY Advisors
New York, NY
+1 212 381 4700



Download:


2012 Canada US Tax Survival Guide
UHY Survival Guide 2012(lt).pdf


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UHY VICTOR SENCRL • LLP
Société de comptables
professionnels agréés •
Partnership of Chartered
Professional Accountants

759, rue du Square-Victoria, #400
Montréal, Québec, H2Y 2J7
Canada

+1 514 282 1836

UHY VICTOR UHY VICTOR LLP (the “Firm”) is a member of Urbach Hacker Young International Limited, a UK company, and forms part of the international UHY network of legally independent accounting and consulting firms. UHY is the brand name for the UHY international network. The services described herein are provided by the Firm and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.