Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
The Canada-U.S. Income Tax Convention plays a central role in determining the tax treatment of individuals who live, work, invest, retire or own property across the Canada-U.S. border. However, treaty analysis can be challenging because the treaty does not replace Canadian or U.S. domestic tax law. Instead, practitioners must first determine the tax result under each country’s domestic rules and then identify whether a treaty provision modifies that result.
This intermediate-to-advanced course provides Canadian advisors with a practical understanding of the treaty articles most frequently encountered in individual tax practice. Beginning with the basic treaty framework, the course examines residence and dual-residence issues, employment and self-employment income, pensions, investment income, capital gains, foreign tax credits, the saving clause and treaty disclosure requirements.
The course is organized around common individual client situations rather than as a technical article-by-article review. Practical examples illustrate how Canadian advisors can identify the relevant treaty provisions, coordinate Canadian and U.S. domestic rules, recognize the treaty’s limitations and document treaty-based filing positions.
The course is not intended to provide coverage of corporate treaty matters.
Pre-requisite: None
| Session | Content |
|---|---|
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Module 1: Treaty Framework, Residence and Individual Eligibility |
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Module 2: Working and Carrying on Business Across the Border |
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Module 3: Investment Income, Capital Gains, Real Property and Retirement |
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Module 4: Double-Tax Relief and Common Practitioner Errors |
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Key Takeaways
Upon completion of this course, participants will be able to:
- Explain how the Canada-U.S. Tax Treaty interacts with Canadian and U.S. domestic tax law for individuals.
- Apply a structured approach to analyzing cross-border individual tax issues.
- Resolve common dual-residency situations using the treaty tie-breaker rules.
- Identify the treaty articles relevant to employment, self-employment, investment, pension and capital-gain income.
- Determine when treaty benefits are available to U.S. citizens, Canadian residents and other individual taxpayers.
- Apply the treaty’s double-tax-relief provisions to common individual tax situations.
- Identify treaty disclosure, withholding and compliance considerations.
- Recognize situations requiring competent-authority assistance or specialist advice.
Who Will Benefit
- Canadian CPAs and tax practitioners advising individuals with Canada-U.S. tax matters.
- Personal tax practitioners seeking to expand into cross-border individual taxation.
- Cross-border tax professionals who prepare or review Canadian and U.S. individual tax returns.
- Lawyers advising individuals on residency, immigration, employment, retirement or cross-border investment matters.
- Financial planners and wealth advisors serving individuals and families with assets, income or residency connections in both countries.
- Payroll and global mobility professionals dealing with cross-border employees.
- CPA students and newly designated CPAs seeking a practical introduction to treaty issues affecting individuals.
How to Access the Course
To access your course, visit the CPA Ontario Blackboard site and sign in using the same username and password used for the Registration Portal. You can also access your course through the Blackboard Learn app (iOS or Android).
Important: Course access begins on the date of purchase and remains available for the Access Time specified for the course under Dates and Location. Please review the access time before purchasing. Note that it may take up to 15 minutes after registration for the course to appear in Blackboard.
Registration, cancellation, withdrawal, and other CPA Ontario PD policies can be found here.
Speaker(s)
Babar Khan is an experienced cross-border tax professional with over 14 years of experience in US & Canadian tax compliance and advisory work. He specializes in taxation for Expatriates, Business Travelers, High Net Worth Individuals and Owner-Managed businesses. Babar also teaches at Canada’s Schulich School of Business and CPA Ontario. Babar holds an MSc (Tax) from University of Oxford (UK), an MBA from Schulich School of Business and a BBA from University of Toronto. He is also a dual US and Canadian CPA. Babar also serves on the board of a UK based EdTech company.