Cross-border
Taxes In Toronto

Are you a Canadian with a business in the US? Or are you an American livingin Canada? Our cross-border tax specialist in Toronto can help you.

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GTA Accounting is a highly rated CPA Firm in Toronto

It is the highest-rated accounting firm in North America with over 1100 5-star verified Google reviews across all locations. GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".

Why Partner With GTA Accounting For Cross-border Taxes in Toronto?

Canadians who are working, living, or making investments in the US or Americans doing the same in Canada need to file taxes. Our accounting firm helps them become cross-border tax compliant in both countries, which means a series of strenuous tasks to navigate multitudes of double taxation issues.

We are a full-service accounting firm that does not just dabble with cross-border taxes preparations. We specialize in it. Our accountants are well versed with the latest cross-border tax updates and prepared to help our clients pay their taxes without incurring any penalties. Our accounting firm is a reliable option for your cross-border wealth management solutions.

With a depth of knowledge and experience, we can help you with taxation strategies that will mitigate your tax burden in your country and abroad. GTA accounting has been providing accounting services and creative ways to minimize taxes for individuals, entrepreneurs and corporations. We help Americans, and Canadians get on top of their cross-border taxes with ease.

How Can GTA Accounting’s Cross-Border Tax Specialist Help You?

IRS Streamlined Filing

US citizens and green card holders have to file their tax returns annually. Not knowing this, many individuals do not comply with this and end up with significant penalties. The IRS offers a program for these delinquent taxpayers to help them become compliant. A cross border tax specialist can navigate this program on their behalf.

US and Foreign Reporting In Canada

IRS and CRA both need individuals’ financial account information, including every bank account, brokerage account, retirement accounts, and mutual funds. Corporations both in the US and Canada must have to complete a Foreign Bank Account Reporting Form. Our cross-border tax specialist will identity your concern to ensure proper compliance.

US State/Gift Preparation

Citizens both US and non-US who work, live, or own a property in the United States may sometimes be impacted by estate tax or gift regulations. Tax consequences and tax implications are dependent on the type of citizen’s residency or the domicile choice.

Tax Consulting

A cross border tax specialist can help you with complex Canadian and US tax issues that may affect you if not handled properly. From corporate-level restructuring to estate planning and cross border domestic compliance, our cross border tax specialist can help you with all these areas.

Compliance and Planning

Citizens residing in or outside Canada, the US or non-US may face general compliance issues that include tax returns, personal or corporate trusts, and estate filing to notice of objection for any appeal in CRA. These issues sometimes need simple planning to help the citizen get on the right track. Our accountants may even help you with unaudited financial statements, personal tax returns, or filing notices of objection.

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How Can GTA Accounting’s Cross-Border Tax Specialist Help You?

Professional Guidance

Part of cross-border tax specialist skills is navigating through challenging and complex tax problems and helping clients pay less tax amount. Especially when the situation includes both sides of the border, a professional tax accounting firm can guide you so you can save your hard-earned money.

Help Avoid Mistakes

Many individuals and business owners have inadequate knowledge when it comes to paying taxes or handling tax-related issues themselves. They can make mistakes unintentionally, such as giving the wrong income tax amount simply because their taxation knowledge is not comprehensive and because the process can be confusing. You will need help to keep yourself from making mistakes that can cause you penalties of sorts. A cross-border tax specialist at GTA Accounting can manage to guide you or navigate you, preventing your errors and saving you money.

Reliable and Trustworthy

Besides tax, there are a lot more critical financial concerns that you may not even know of. You can either come to know about them after you’ve made mistakes, or you can partner with GTA Accounting and avoid them altogether.

There are many other important life events where you need help from a cross-border tax specialist, for instance, purchasing real estate, divorce, marriage, the birth of a child and many more. Most of the time, citizens on both sides of the border forfeit their future earnings just because they had no help to make smart moves at the right moment.