Cross Border Taxes in Mississauga

If you are facing cross-border tax issues,
our CPA can help with it on both sides of the border.

Partner With Our Cross Border Specialists in Mississauga

At GTA Accounting, our highly experienced accountants are well versed in untangling the integrated cross-border wealth management mysteries for you. We are a licensed Canadian firm ready and willing to help both U.S. and Canadian citizens in Mississauga. We work closely with our clients to ensure their issues are well translated and advise them of the right strategy for their cross-border accounts. We offer stellar services that settle cross-border issues like, Passive Foreign Investment Company rules. We also help our clients maintain a professional network to help them plan every taxation or legal service they may require.

What You Need To Know About Cross Border Taxes Mississauga

Canadian citizens who visit the U.S. or U.S. citizens who visit Canada having multiple incomes from both sides have to face a tug of war situation.  This situation is known as cross-border taxation. GTA Accounting helps citizens with both Canadian and U.S. currency accounts. Our expert CPA can help them manage their business and equity the right way. Citizens can add their Canadian dollar-denominated fixed income in their portfolios without settling in U.S. currency and vice versa. With our assistance, both Canadian and U.S. citizens can get expert access to help them achieve Canadian or US-based financial instruments.

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Steven Matos, Toronto CPA

Meet Our CPA

Steven Matos is a Chartered Professional Accountant at GTA Accounting, a Toronto-based accounting firm with offices in Toronto, and Mississauga. The firm touts a high 5-star Google rating and has been selected by Clutch for service awards two years in a row.

Because of Steve's business background, he is able to pair bookkeeping and tax services with management consulting providing an edge over other similar accounting firms. Offering affordable rates, GTA Accounting works with small business owners and large companies with over $40 million in annual gross revenue.

Head Office:
Unit 501 – 250 Consumers Road
North York M2J 4V6

GTA featured in Toronto Star

GTA Accounting Featured in the Toronto Star

"GTA Accounting brings one-stop accounting to the cloud"

Key Elements of Cross Border Tax Services

  • Cross border tax services help avoid double taxation for Canadian and U.S. citizens
  • Complete filling requirements with full compliance to IRS and CRA
  • Advice to U.S. and Canadian residents on how to minimize personal and corporate income taxes
  • A developed cross border corporate structure that can help citizens avoid a high tax bill

Client Success Stories

How Does GTA Accounting Help in Cross Border Taxes Mississauga?

GTA Accounting helps you with an experienced team of advisors ready to take the burden off your shoulder from all cross-border taxes challenges. We understand the challenges and the uniqueness of each situation our clients go through each day. With our help, our customers can easily face the issues they come up against, like strong disagreements and issues regarding tax, trust, estate planning, insurance, and immigration.

Being registered and well connected to both Canada and the U.S., we offer our clients more than just Canadian wealth management solutions. We can coordinate your entire portfolio with a holistic wealth management solution and help you maintain your assets and keep track of achieving your financial milestone

Why Choose GTA Accounting?

Every year in Canada, legislators tweak and twist financial laws, leaving the average individual and business owner at a loss when faced with making financial decisions. We stay on top of new financial and tax laws on your behalf and offer custom made tax accounting and financial advice to help you and your business develop budgets and set financial goals. Still not convinced about what makes us a professional accounting firm? Read further below:

Some of the Professional Accounting Services We Offer

Individual Tax Returns

GTA accounting helps individuals living in Mississauga, including Canadian and U.S. citizens who may need to file taxes in both countries. It could be employment income, capital gains, real estate rental issues, other compensations or complexities of the tax. It could be related to compliance with regulations. All of these issues require the citizen to have a deep understanding of both country’s tax treaties. 

Corporate Tax Returns

As an American business owner living in Canada or a Canadian business owner living in the U.S., you need practical strategies to reduce the tax burden. With realistic solutions, our accounting firm helps citizens address their particular needs. What you need is the right advice from a team of cross-border taxation experts. There could be hundreds of filling errors you may need to learn while ensuring every available deduction opportunity.

Trust Tax Preparation

Foreign tax is a complex aspect among other tax laws. We identify the relevant issues, particularly related to trusts, and assist in submitting the proper forms while ensuring correct tax amounts to the tax authorities in both countries. 

Partnership Tax Preparation

Partnerships are always tricky, and they can lead to complex situations. Cross border partnerships are way more complex and need extra assistance. The entity may be taxed as a partner in one country and a corporate in other. This could lead to double taxation of income. At GTA accounting, we assist the situation to understand which type of tax rules applies to the entity to save them in both countries.

Sale or Rental of U.S Real Property

U.S. non-residents are subject to U.S tax withholding when selling or renting their property. The payment generates a foreign tax credit, which can be used later to reduce the Candian tax payable. With the help of GTA accounting, you can get the best possible tax outcome. 

Canadian Property

Non-residents of Canada can face paying income tax when depositing capital gains earned from that Canadian property. Some specific processes have to be followed to align with Canadian tax law. GTA accounting can help you sort this issue. 

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If you're ready to find out how an Accounting firm in Downtown Toronto can help you make your payroll a seamless process, contact us for a Free Consultation.