US-Canadian Dual Taxation Pitfalls: Reporting Issues and Planning Opportunities for US Taxpayers
Navigating Tax Treaties to Minimize Tax on Passive Income, Retirement Distributions and Pass-Through Income
Recording of a 110-minute CPE webinar with Q&A
This CPE webinar will provide tax advisers with a thorough and practical guide into the tax reporting requirements and planning opportunities for U.S. taxpayers with clients earnings or assets in Canada, as well as Canadian citizens with U.S. tax reporting obligations. The panel will discuss US tax law and treaty provisions designed to avoid or mitigate dual taxation, describe Canadian residency and expatriation rules, and detail the U.S. reporting and payment obligations specific to passive income as well as Canadian trade or business activity. The webinar will also provide useful information on treatment of pension withholdings and distributions.
- U.S.-Canada Tax Treaty Overview and dual-tax mitigation provisions
- Treatment of U.S.-based LLCs and pass-through entities in cross-border situations
- Passive and un-earned income treatment
- U.S. ownership of Canadian RRSPs and other retirement accounts
- Limitation of Benefit provisions
The panel will discuss these and other important topics:
- What are the tax treaty provisions for mitigating dual taxation on ownership of cross-border LLCs and other pass-through entities?
- Limitation of Benefits clauses and provisions in U.S.-Canada Income Tax Treaty
- Key risks and challenges of passive/un-earned income in cross-border situations
- Tax treatment of U.S. taxpayers’ ownership of Canadian RRSPs and other retirement plans
International Tax Partner
Gilmour Group CPAs
Mr. Gilmour is a corporate tax advisor. His practice focuses on corporate clients in manufacturing and distribution... | Read More
Mr. Gilmour is a corporate tax advisor. His practice focuses on corporate clients in manufacturing and distribution industries that sell products internationally. He has a vast knowledge of tax planning, international tax issues and scientific research and development tax credits.Close
C. Edward Kennedy, Jr., CPA, JD
GrossDukeNelson & Co.
Mr. Kennedy has more than 34 years of experience dealing with a variety of international tax matters, specializing... | Read More
Mr. Kennedy has more than 34 years of experience dealing with a variety of international tax matters, specializing in tax consulting services to a wide variety of clients ranging from closely held companies to multi-national businesses. His expertise includes domestic and foreign income and social security tax planning, tax compliance for individuals and corporations, tax treatment of incentive compensation plans, international assignment program administration, and international assignment policy design. Prior to joining the firm, he served as KPMG LLP's US firm lead for international social security matters.Close
Other Formats— Anytime, Anywhere
CPE On-DemandSee NASBA details.