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US & Canadian Cross-Border Tax Service - Cross-Border Financial Professional Corporation
OAS and CPP on US Tax Return

The Taxation of OAS and CPP Payments for Canadians on a U.S. Tax Return

Navigating US Tax in Toronto for CPP & OAS Filing a U.S. tax return as a Canadian can feel like navigating a maze. The rules are complex, especially when Canadian income sources like Old Age Security (OAS) and Canada Pension Plan (CPP) are involved. Understanding…
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RESP on US Tax Return

The ABCs of Canadian RESPs for U.S. Tax Filers

The ABCs of Canadian RESPs for U.S. Tax Filers: A Guide for U.S. Citizens in Canada Saving for your child’s education is one of the most responsible financial steps a parent can take. In Canada, the Registered Education Savings Plan (RESP) is a powerful tool…
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Filing US Tax Returns in Canada

How to File a U.S. Tax Return from Canada as an American?

Navigating the taxation landscape as a U.S. citizen living in Canada is often overwhelming. You likely face unique requirements and deadlines from two different countries, and understanding them is crucial to prevent penalties. Whether you are searching for a cross border accountant in Toronto or…
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Moving from the U.S. to Canada Tax Tips

Tax Savvy Americans: Important Things to Consider Before Moving from the U.S. to Canada

John and Jane had dreamed of a life in Canada for years. They loved the idea of living in Toronto, drawn by its vibrant culture, safe neighborhoods, and ample business opportunities. When the chance to move finally arrived, they didn’t hesitate. However, like many Americans…
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Non-Residents of Canada – Understanding the Taxation Rules for Rental Income

Non-Residents of Canada – Understanding the Taxation Rules for Rental Income

For non-residents of Canada, understanding the complex landscape of rental income taxation is critical—especially when your financial interests cross borders. Working with a knowledgeable cross border accountant Toronto residents trust can help clarify key rules and keep you compliant. By default, non-residents earning rental income…
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What Canadians Need to Know About FIRPTA

What Canadians Need to Know About FIRPTA

Navigating Cross-Border Taxation: FIRPTA and Its Implications for Canadians Are you a Canadian planning to buy or sell property in the U.S.? Understanding the complexities of cross-border taxation is crucial, especially when dealing with the Foreign Investment in Real Property Tax Act (FIRPTA). This U.S.…
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How to Apply for a U.S. Tax Identification Number (ITIN) from Canada

How to Apply for a U.S. Tax Identification Number (ITIN) from Canada

  Learn what you need to know about applying for a US ITIN number from Canada with this comprehensive guide that walks you through the process step by step.   Applying for a US ITIN from Canada: A Guide Navigating U.S. tax requirements can often…
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FBAR

11 Things Canadians Should Know About FBARs | Cross-Border Financial

If you are a Canadian resident with financial ties to the United States, navigating the tax landscape can feel overwhelming. Many individuals assume that living north of the border exempts them from U.S. reporting obligations, but this is often not the case. Understanding American taxes…
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Tax Tips Moving from Canada to the US

Tax Tips for Moving from Canada to the U.S.

Moving from Canada to the U.S. is an exciting new chapter, but it also introduces financial and tax complexities that can feel overwhelming. Navigating the tax systems of two different countries requires careful planning and a deep understanding of the rules. This guide is here…
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How U.S. Foreign Tax Credits May Work to Keep Money in the Pocket of a Canadian Filing a U.S. Tax Return?

Cross Border Tax: Maximizing U.S. Foreign Tax Credits As a U.S. citizen or resident alien living north of the border, tax season often brings a double dose of anxiety. You face the unique challenge of filing returns based on your worldwide income in Canada while…
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