Anyone with a tax situation that involves both US and Canadian source income could benefit from our services. Canadian residents working in the US, owning property in the US or residents who have other US source income, would benefit from our expertise in cross border taxes. We use our knowledge of US tax law and the Canada/US tax treaty to minimize both your Canadian and US tax liability.
US citizens have filing requirements and other compliance issues, regardless of where they live. In most cases, if done properly you will not owe any money to the IRS. However, there can be significant penalties for failure to file certain forms on a timely basis. Our firm can ensure that US citizens meet their US filing and reporting requirements.
We are CPA's in both Canada and the US. Our firm specializes in cross border issues. We do our best to understand your tax situation. We ask the right questions so that we have all the necessary information to minimize both your US and Canadian taxes.
We provide expertise in an area of tax that is specialized and can be complex. You would think that the cost of this type of expertise would be expensive. However, you will find that our prices are very competitive and, in the vast majority of cases, they are lower than other firms. Let us provide you with a free, no obligation quote.
Once you become a client, we set up a portal account where you can upload your documents securely.
Along with your Canadian tax return, you are required to file a US Federal, State and City return depending on where you work. There are certain filing options using the Canada/US tax treaty which may reduce your taxes significantly.
Yes. Please fill out the Information Request Form and we will schedule a phone consultation at an agreeable time. We reserve the right to charge a consultation fee depending on the nature of the inquiry.
Yes. Once you become a client, as part of our process, we review prior year returns for potential compliance issues and tax savings. There is no charge for this service.
There are a number of things that can be done before you leave Canada to avoid problems down the road. This would include looking at your investments, retirement plans, etc. Contact us before you move so that you can take the necessary steps to avoid problems and compliance issues.
You will have to file 3 years of tax returns and 6 years of FinCEN 114 (FBAR). In most cases no tax is payable. If taxes are owed or there are potential penalties, you may qualify for the Streamlined Filing Procedure program. Contact us to discuss your situation.
Besides late filing and late payment penalties, certain forms carry a $10,000 penalty for late or non-filing. In some cases, these penalties may be abated. Contact us to discuss your situation.