Preparing U.S. Personal Tax Returns for Cross Border Persons – Practical Guidance and Recent Experiences: Part II – Overview of Common Cross-border Tax Issues

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There has been a great deal of attention focussed on the information reporting requirements that have arisen for U.S. citizens living broad.  Once you have determined that your client is a U.S. citizen and has a U.S. tax filing requirement . . . then what? 

The cross-border tax issues for U.S. persons living in Canada continue to attract a lot of attention for Canadian tax.  The second in this webinar series builds on the first part above and is designed to take you that one step further to understanding some of the more advanced common tax issues to consider for U.S. Persons living in Canada. Topics include:


Part II - Overview of Common Cross-border Issues:

  • Canadians Purchasing and selling U.S. Real Estate and tax reporting requirements for U.S. rental income
  • Reporting of income/gains from Canadian mutual funds – Passive Foreign Investment Company (PFIC) Rules
  • Ownership of non-U.S. Corporations and filing of Form 5471
  • The impact of GILTI and repatriation tax regime
  • U.S. Tax Rules related to Certain Canadian Accounts (RRSP/RESP/TFSA)
  • Review impact of the 3.8% Net Investment Income Tax (NIIT) on investment income for U.S. Persons
  • Expatriation


Target Audience

This webinar will be of most interest to accountants and tax practitioners practicing independently or in small to medium-sized firms.  It will also benefit most other professionals who provide services to US citizens, such as lawyers and financial planners.

Professional Development Credits

Wolters Kluwer Canadian professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region.  Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation.

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FormatRecorded Webinar