Need a comprehensive set of real estate tax solutions that meet your needs? We’ve got you. We have a Chartered Professional Accountant that works with mortgage companies, tax agencies and borrowers to ensure a smooth and accurate tax exchange for the client. When you work closely with our tax professional, you can rest assured that all the work will be done for you helping you make sound decisions to save more money.
Real Estate Tax Consultant Toronto
GTA Accounting Professional Corporation delivers exceptional quality in the real estate tax. Our Chartered Professional Accountant performs calculations with strict compliance to the tax authorities. We will make sure your internal requirements are met at all times. We offer accurate tax data that you can rely on to make critical decisions in your business or when securing personal property. With the decades of property tax experience in our sleeves, customers can always be assured of a quick and effective service that is designed uniquely for them.
What’s more, GTA Accounting Professional Corporation has excellent customer support in Toronto. We’re always eager to answer your tax questions and address any concerns you may have during the process. We will take the time to educate you on property tax, any changes made by the tax authorities or regulatory bodies that may impact on your next purchase. We have a strong geographical presence in Toronto so we are able to prepare tax contracts for multiple clients across the GTA. Expect a high level of value when you partner with a tax professional at GTA Accounting Professional Corporation.
Real Estate Tax Services
We are able to handle all complexities and help you realize all the opportunities to save regardless of property type. We can help you secure the rental office, industrial or personal property with the most tax savings. Property tax procedures are complex and require an experienced and qualified hand. Bear in mind that the property taxes usually vary depending on the location and jurisdiction. Having experience in tax preparation for so many years, we have gained specialized knowledge in real estate tax and we understand how local processes and jurisdictional procedures work. It’s because of our commitment to quality and value that we are able to deliver an unparalleled service to our clients every year.
All Aspects of Real Estate Tax
From pre-acquisition all through to property disposition, we have a Chartered Professional Accountant to handle all matters of property tax. We perform this service with attention to detail and the expertise it deserves. We help our clients take advantage of all the opportunities to save by developing strategies and solutions that work for their unique situation. Our company has built a strong reputation for excellence in Toronto.
FBAR (Foreign Tax Credits Or Deductions)
For all the taxes you paid in Canada, you can make a claim for foreign tax credit on your United States tax returns. If you are a green card holder or a U.S. citizen, you must file the 1040 form on yearly basis if you meet a certain income threshold. You may be subject to S.E. tax exemption if you reside in Canada and you are exempted by the Canadian U.S. social security agreement. You will have to file disclosure to this exemption with the 1040 Form.
Other than filing the 1040 Form every year, you may be subject to additional tax reporting. Additional tax reporting may apply if you are a beneficiary or if you own Canadian Mutual Funds. You are also subject to additional U.S. tax reporting if you own or are a beneficiary of Canadian RPPs, RESPs, RRSPs, and TFSAs.
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