x
(587) 705-0764
Ackah Business Immigration Law – Personal and Corporate Immigration
Contact us

Contact Information

1 (403) 452-9515

1 (800) 932-1190

Book a Free Consult

More Options...

New U.S. Tax Laws Hit Canadian Citizens AGAIN - Double Taxation?

Blog posted on by Evelyn Ackah in Cross Border Business, Crossing Borders Seamlessly and Cross-Border Business and U.S. Immigration

New U.S. Tax Laws Hit Canadian Citizens AGAIN - Double Taxation?

Proposed tax regulations by U.S. Treasury Department may violate a Canada-U.S. tax treaty that is supposed to prevent double taxation, say experts. In December 2017 President Trump signed a sweeping retroactive tax reform bill into law which included the Transition Tax, also known as the Repatriation Tax. According to a new report by the CBC, "Many Canadian residents with U.S. or dual citizenship — particularly those who have used their small corporations to save for their retirements — are facing tax bills amounting to hundreds of thousands of dollars on all of the retained earnings in their corporations going back to 1986. Some bills run into the millions."

Kevyn Nightingale, a partner with the accounting firm MNP, told CBC that many of his clients are going to have to take twice as much out of their Canadian corporations than they had planned on to avoid the transition tax.

"For the government of Canada, it's great ... It's actually going to bump Canadian federal and provincial revenues."

- Kevyn Nightingale

Many Canadians affected by the Transition Tax were going to use a U.S. tax deduction reduce their tax bills, but the new tax regulations proposed last week in a guidance document from Treasury and the IRS only allows a portion of that deduction.

Immigration and Tax Solutions for Canadians Traveling to the U.S. on Business

Are you looking for solutions to your cross-border tax issues?

Cross-Border Business Immigration Law and Tax Solutions for Canadians Working in the U.S.

Evelyn Ackah, Founder and Managing Lawyer at Ackah Business Immigration Law, and Laura L. McLeman, CPA CA, founding partner of Citizen Abroad Tax Advisors, recently conducted a webinar on Cross-Border Business Immigration Law and Tax Solutions for Canadians Working in the U.S.

WATCH: A replay of that webinar is available here.

Does Your Business Need HR and Leadership Training on Cross-Border Business and Tax Issues?

Benefits of HR and Leadership Training on Cross-Border Business Issues

  • Create awareness of the rules for business leaders and HR
  • Allows business to address the issue and make informed business decisions regarding risk vs actual cost
  • Increases the compliance of employees who are taxable
  • Informing employees of their responsibility
  • Puts the risks on employee and reduces the employer’s risk if employees ignore and attempt to push the consequences to management
  • Protects Employer from significant tax, interest and/or penalties
  • Address the issue instead of ignoring the issue


Evelyn L. Ackah, BA, LL.B.

Founder/Managing Lawyer

Ms. Ackah is passionate about immigration law because it focuses on people and relationships, which are at the core of her personal values. Starting her legal career as a corporate/commercial ...

More About Evelyn L. Ackah, BA, LL.B.

3 Things for Canadian Employers to Remember When Hiring U.S. Employees

Canadian employers with operations in the United States who want to hire American workers have many legal and practical questions, such as healthcare, education, taxes, housing, ...

Read More

Calgary Immigration Lawyer Evelyn Ackah Tips for Canadian Digital Nomads

CALGARY, ALBERTA, CANADA, November 14, 2023: EIN Press Release Calgary Immigration Lawyer Evelyn Ackah spoke to the Globe and Mail about the pros and cons and tips for Canadian digital ...

Read More

Foreign and Non Resident Business Incorporation Services

Recent changes to Canada's director residency requirements make it easier for international businesses to expand into Canada, and create jobs for Canadians. Canada is a popular ...

Read More

Canada Launches Open Work Permit For H-1B Visa Holders

Canada Announced 6 New Tech Immigration Initiatives To Attract Global Tech Talent Starting July 16, 2023, the Canadian government will introduce a new immigration stream to allow ...

Read More

New Verified Traveller Program Launching in Canada

The Canadian Air Transport Security Authority (CATSA) will launch a new Verified Traveller program that offers a faster and more efficient screening experience for eligible travellers ...

Read More

NEXUS Centres Reopening in Canada March 27

NEXUS application centres will reopen at 8 Canadian airports starting March 27, 2023. Starting Monday, March 20, NEXUS applicants can book interviews at most major Canadian airports. ...

Read More

I'm Super Proud to know Evelyn! She empowers, inspires, and elevates Women and Women of Color.

G.C.

View All Testimonials