Affan Khalid, CPA, CA
Tax Partner & Principal
Canadian, International & Cross-Border Tax
Affan Khalid brings over 20 years of public accounting and tax experience, including senior Canadian and international tax roles at PwC and MNP. He advises owner-managed businesses, executives and professional referral sources on complex Canadian, cross-border and corporate tax matters.
About Affan
Affan advises owner-managed businesses, executives and professional referral sources when tax issues are technically complex, cross-border or connected to major business decisions. His work spans corporate tax planning, reorganizations, acquisitions and sales, non-resident and inbound Canada matters, international reporting, CRA controversy and succession planning.
At Lepore & Company, Affan leads the firm’s Canadian and international tax advisory work. He works with the firm’s accounting and compliance professionals so that tax advice is considered alongside financial reporting, business operations and the practical steps required to implement a plan.
Areas of Expertise
- Canadian Corporate Tax
- International & Cross-Border Tax
- Corporate Reorganizations
- M&A / Business Transactions
- CRA Audits, Objections & Tax Disputes
- Voluntary Disclosures
- Non-Resident / Inbound Canada Tax
- Estate & Succession Tax Planning
Selected Technical Tax Matters
- T1134, T106 and T1135 reporting
- Foreign affiliate and FAPI matters
- Regulation 105 and Regulation 102
- Canada–U.S. treaty matters
- Foreign tax credits
- Section 85 reorganizations and related transactions
- Non-resident withholding and Part XIII
- Voluntary disclosures and complex compliance corrections
International Tax Leadership
Affan leads Lepore & Company’s Canadian and international tax advisory work, including cross-border planning for businesses, shareholders and non-residents. He helps clients identify Canadian tax exposure, choose practical structures and address the reporting and implementation that follow.
Related Services
Explore the Lepore & Company services most closely connected to Affan’s advisory work.
International & Cross-Border Tax
Canadian inbound, outbound and cross-border planning for businesses, shareholders and non-residents.
CRA Audits, Objections & Tax Disputes
Technical and practical support through CRA reviews, audits, objections and disputed tax positions.
Corporate Reorganizations
Tax planning for corporate restructuring, ownership changes and related implementation.
M&A / Business Transactions
Tax advice for acquisitions, sales and other significant business transactions.
Estate & Succession / Business Transition Tax Planning
Tax planning for succession, business transitions and intergenerational ownership.
Experience and Teaching
Professional Experience
Lepore & Company
Tax Partner & Principal
PwC Canada
Senior Canadian and international tax role
MNP
Senior Canadian and international tax leadership roles
Affan’s experience includes advising within national professional-services firms and applying that technical background to the needs of private businesses and their owners.
Teaching Advanced Tax to Other CPAs
Affan teaches and presents advanced Canadian and international tax topics through professional-development programs offered by CPA organizations across Canada. His sessions are designed for CPAs and experienced practitioners dealing with technically demanding tax matters.
- CPA Ontario
- CPA British Columbia
- CPA Alberta
- CPA Saskatchewan
Professional Credentials & Education
CPA, CA | CPA In-Depth Tax | CPA In-Depth International Tax
Bachelor of Business Administration (BBA), University of Toronto
Technical Insights
Selected analysis by Affan on technically significant Canadian and international tax matters.
CRA Disputes · Foreign Reporting
T1135 Penalties: What CRA Must Consider Before Refusing Relief
An analysis of CRA’s refusal of taxpayer relief for late foreign-property reporting.
Foreign Tax Credits
Foreign Tax Credits: What Evidence Does CRA Require?
A practical review of the evidence CRA may expect when foreign tax credits are claimed.
Corporate Residence · CCPC
Somerset Limited: Why a 1943 Corporation Remained a CCPC After a BVI Continuance
A case-focused discussion of corporate continuance and Canadian-controlled private corporation status.
FAPI · Tax Court
Liu v. The King: Limits on Using Subsection 152(9) to Add a FAPI Basis
A Tax Court case brief on subsection 152(9) and a foreign-accrual property income basis.
Non-Resident Tax · Treaty
Selling Shares of a Canadian Real Estate Company: The Treaty Risk for Non-Residents
A treaty-focused look at the Canadian tax risk when a non-resident sells real-estate-company shares.
Part XIII · Beneficial Ownership
Beneficial Ownership and Part XIII Withholding Tax: Lessons from C&W Offshore
A case-focused discussion of beneficial ownership and Canadian non-resident withholding tax.
Outside the Office
Outside the office, Affan enjoys spending time outdoors and riding ATVs.
Discuss a Complex Tax Matter
Connect with Lepore & Company to discuss Canadian, international or cross-border tax advice for your business or transaction.