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US Taxes for Expats and Canadians
Whether you’re a US citizen residing in the beautiful landscapes of Canada, possess a green card, or hold specific US visas, navigating the realm of US taxation while living abroad can be a challenging endeavor. Likewise, if you’re a Canadian business operating in the United States, the complexities of tax laws can be bewildering.
At Business360.CPA, we are here to simplify this journey for you. Our dedicated team specializes in crafting effective tax strategies and personalized tax return filing solutions that are meticulously designed to minimize your future US tax liabilities.
List of Services
Explore how we can assist you in ensuring tax compliance and optimizing your financial situation, no matter where you call home.
Planning appropriate tax strategies to coordinate and minimize both Canadian and US taxes and Canadian taxes.
Applying for your ITIN which is necessary to undertake business in the US and file appropriate tax returns.
Prepare and file appropriate tax return on your behalf.
Prepare and file foreign asset disclosures for American citizens, including the FBAR.
Assist Canadians in considering the impact of a move to the US, tax impact on departure, and ongoing US and Canadian tax implications and file non-citizen forms.
Assist with implications of entering into US partnerships and filing appropriate returns.
Assist with understanding the implications of operating as a US corporation, tax planning and preparation.
Navigating US Tax Obligations in Canada
Some of the more common question we receive are from US citizns living in Canada and Canadians wanting to do business in the US include:
- How are Canadian pensions, and RRSP contributions tax taxes dealt with in the US, and how does Canada treat IRAs and ROTHs?
- As a Canadian living in Canada and working in the US, or an American living and working in Canada, how do taxes work in both countries, do I need to file tax returns in both places, and do I need to pay tax in both countries?
- Does an American living In Canada have to report assets owned outside of Canada to the US government?
- How are Canadian “Snowbirds” taxed?
- Are there any issues for Canadians owning real estate in the USA?
- What are the compliance issues when selling US real estate?
- How are Canadian/US partnerships, corporations and trusts taxed?
Request Your Consultation
Are you an individual, business, or both? Take control of your financial future, and schedule a free consultation with our expert CPAs today.
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