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In-depth Review of U.S. - CA Tax Treaty - A Primer

Big4 CPA, CA

AK Consulting Inc.

  • CPA (Canada)
  • CPA (US)
  • EA
  • Tax Preparer
  • CTEC

Published: July, 2021

2 Credits

$40

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Related Matters for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00610-21-S)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0583)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00610-21-S)

2 CPD credit (Verifiable) for Canadian CPAs

2 CE credit of Federal Tax Related Matters for Oregon Tax Preparers (Approval No. GEHNZ-T-00610-21-S)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00610-21-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

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Before starting this self study program, please go through the instructional document.

Overview

  • Tax Treaty interpretation - 101
    3 mins
  • Interaction of Canadian Tax rules and Benefits under the Tax Treaty
    14 mins
  • CRA's View about Fiscally Transparent
    29 mins
  • Article IV - US - Owned Canadian ULC
    38 mins
  • Article V - Deemed Service PE
    68 mins
  • Article X - Dividends
    91 mins

Course Description

Canada and the United States share the world’s largest economic relationship – cross-border trade generates over $400 billion (US) per year. Given the sheer number and variety of cross-border transactions, it is no surprise that the Canada-U.S. Tax Treaty is Canada’s most significant treaty.

 

The preamble of the Canada-US Tax Treaty states that the purpose of the treaty is to avoid double taxation and prevent fiscal evasion concerning taxes on income and capital.

 

Correctly interpreting the Canada-US Tax Treaty is an extremely technical process. The reason for this is because the two countries have not only different tax rules but also use different fundamental vocabulary.

 

This online CPE/CPD course will help you understanding the United States - Canada Tax Treaty. There is a tremendous amount of economic activity occurring cross-border between the U.S. and Canada. These transactions can give rise to both intended and unintended tax consequences.

This online CPD webinar will cover the most critical issues such as residency, permanent establishments, and the taxation of business profits. It will also review many other common situations dealt with in the treaty. Where possible, planning opportunities will be discussed to help minimize the potential income taxes arising from cross-border transactions.

Major topics covered in this online CPE/CPD webinar:

  • Tax Treaty interpretation
  • Tax implications for different types of operations
  • In-depth review of permanent establishments and various types and implications
  • In-depth review of residency for individuals and corporations
  • Anti-abuse issues
  • Current issues

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Learning Objectives

  • To Identify the treaty and when it can be properly applied
  • To determine what constitutes business profits and whether they are taxable
  • To recognize taxation of employment income and remuneration earned by non-residents
  • To Identify taxability and reduced rates of tax on investment income

Who Should Attend?

  • Accountant
  • Bookkeepers & Accountants & Tax Preparers
  • Certified CPA Canada
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Forensic Accountant
  • Tax Accountant (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA