U.S. Tax Accounting in Oakville

GTA Accounting in Oakville helps you with filing all your cross-border
tax obligations. Contact us for a free consultation.

GTA Accounting: Helping Companies with Cross-Border Tax Issues in Oakville

Whether you have personal tax issues or corporate tax issues, our accounting firm in Oakville offers extensive help and guidance. We assist self-employed people with their own business, LLCs, corporates, and partnerships with areas like individual tax, corporate tax, tax planning and strategies, and more. Not only do we help you prepare and file your taxes, but we also help minimize any tax liabilities and provide accurate and relevant advisory services in Oakville that ensure compliance. We are the topmost taxation, accounting, and payroll services in and around Oakville.

Why Work With GTA Accounting in Oakville?

For starters, we are the tax experts when it comes to U.S. Taxes, Canadian Taxes, and International Taxes in Oakville. We ensure that we simplify the entire process for our clients so they can streamline their operations and ensure growth and success. We offer a wide range of services under one roof, so you don’t have to go anywhere else. We have helped thousands of Canadian citizens living outside Canada or U.S. citizens living in Canada with their taxes in Oakville. We are known for our highly professional work and our affordable fee structures. We work hard to ensure that your business achieves its goals and keeps on growing.

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Meet Our CPA

Sohail Afzal, CPA is the founder of GTA Accounting, a Toronto based accounting firm with offices in Toronto, Mississauga and Oakville. 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 Sohail'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 annual gross revenue.

Featured in the Toronto Star, Sohail shares more about his accounting firm and what sets them apart.

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"

Cross Border Tax Consultation

Whether you want someone to deal with personal income tax or corporate taxes in U.S. or Canada, we are with you till the end. We fulfill all your requirements and stay with you from the initial consultation to the timely submission of your taxes and returns. Our services include, but are not limited to:

  • Choices among various business entities and ownership structures.
  • Whether using a limited liability company (LLC) is beneficial
  • Transfer pricing strategy relating to inter-company sales and service arrangements
  • Cross border financing structures
  • Analysis of Canada and US federal Treaty benefits and exposures
  • Analysis of state nexus exposures to determine the state tax requirements
  • Income allocation and apportionment mechanism at the state level.
  • On-going consultation support of business operations

Client Success Stories

Does Canada Tax Foreign Income?

This is common in both the U.S. and Canada. Anyone living in these countries has to pay taxes on their income even if it was generated in some other country. So, for example, if you are a Canadian citizen living in the U.S. or have investments in the U.S., you will have to pay taxes in Canada. The only difference between U.S. and Canada is that if you are a Canadian citizen, but you are not living in Canada, then you will be subjected to different laws than a resident. In the U.S., the rules for permanent citizens are the same no matter where they live. Suppose you are a Canadian citizen living in the U.S. In that case, the income you derive from outside Canada does not calculate your income tax in Canada. When you work with GTA Accounting, we take care of it all for you. We provide stellar US Tax Accounting in Oakville and beyond.

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:

Who Qualifies as a Resident of Canada?

This is one of the most important things when considering US taxes in Canada. If CRA thinks you are a resident, then you will have to pay the taxes. According to CRA, you are a resident if:

  • You have a home within Canada
  • You have a spouse, partner, or kids in Canada
  • You own personal property within Canada
  • You have economic and social ties to Canada

Even if you are not a permanent resident, you could be considered a resident if you have stayed in Canada for more than 183 days in a year. This ensures that you are subjected to tax on the income that you made in the U.S.

What does this tell us? It tells us that whether you live in Canada and do business in the U.S. or vice versa, you need to partner with our accounting firm in Oakville to ensure your US taxes are done in Oakville.

The Tax Treaty Between the U.S. and Canada

A treaty exists between Canada and the U.S. regarding taxes. It was first proposed in 1980 and has been in effect ever since. One of the agreements in the treaty is that both governments will share data to help with the tax collection process. Another provision defines the income that is taxable and the income that is exempt from taxes. For people or companies dealing with cross-border commerce, this treat is far too valuable. It also tells us about the foreign tax credits that you can claim.

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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.