CROSS BORDER TAXATION FOR CANADIAN EXPATS IN THE US

If you are a Canadian who works, travels, or invests in the US, or has applied for Green Card or US citizenship, there are so many tax filing and payment requirements that you need to know to avoid stiff penalties and avoid paying too much taxes. 
Having worked on tax filings and planning for so many Canadians, we are very familiar with your tax filing and planning requirements in the US. Here is a list of most common taxes that you need to know about:
  • Federal tax
  • FICA tax
  • State tax
  • Estate tax
  • FBAR
  • Fiduciary reporting for your Canadian trusts
  • Informational Returns for your Canadian corporations, partnerships, and disregarded entities
  • US/Canada Tax Treaty
For Canadian Expats it is very important to work with someone who is familiar with the US/Canada Tax Treaty. The provisions on the treaty, which is a very complicated document, allows Canadian citizens, under specific conditions, not to report some or all of their income for US income tax purposes. It also helps you avoid double taxation. This can have tremendous impact on your US income tax, and you should seek an accountant who can utilize every related provisions of the tax treaty to your benefit
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