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New US Tax Rules will Encourage Americans Abroad to Renounce

by Polaris Tax Counsel | Jan 31, 2018 | Cross-Border Tax

The newly passed US tax law (the Tax Cuts and Jobs Act (“TJCA”)) makes it much more complex for American citizens outside the United States to run a business. Specifically, there are two new complex tax regimes to consider: 1) the one-time mandatory repatriation tax...

The Grind down of Foreign Tax Credits and the Code Section 965 Inclusion

by Polaris Tax Counsel | Jan 13, 2018 | Cross-Border Tax

This blog post addresses a very technical question about the new US repatriation tax. It will only be of interest to US tax advisors. It is not meant as legal advice and cannot be relied upon as such. It involves complex US tax concepts so advice specific to the...

Code Section 965 and Individual Taxpayers – a technical explanation

by Polaris Tax Counsel | Jan 13, 2018 | Cross-Border Tax

This blog post addresses a very technical question about the new US repatriation tax. It will only be of interest to US tax advisors. It is not meant as legal advice and cannot be relied upon as such. It involves complex US tax concepts so advice specific to the...

The new US “one-time tax” on US citizens who own foreign corporations

by Polaris Tax Counsel | Dec 3, 2017 | Cross-Border Tax

The United States is in the throes of the most comprehensive tax reform since 1986. On November 16, the House passed its version of the Tax Cuts and Jobs Act (“TCJA”). The Senate passed its version on December 2. While there are significant differences,...

US Tax Reform Presents Opportunities for Canadian Businesses

by Polaris Tax Counsel | Nov 14, 2017 | Cross-Border Tax

On November 2, 2017, the US House of Representatives unveiled the Tax Cuts and Jobs Act which contains the most sweeping changes to US tax law in 30 years. While it remains unclear whether, when, or in what form the new bill will become law, but if it passes in its...

Impact of New US Tax Law on US Citizens in Canada

by Polaris Tax Counsel | Nov 2, 2017 | Cross-Border Tax

On November 2, 2017, the House of Representatives unveiled the most sweeping reforms to US tax law in 30 years. If passed, it will make matters worse for some US citizens in Canada and keep it the same for others. Some key implications include: No elimination of...
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If you’re looking for more clarity in your cross-border tax situation, contact Max Reed at
+1-604-283-9301 or via email at max@polaristax.com to find out how we can help you.

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