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US & Canadian Cross-Border Tax Service - Cross-Border Financial Professional Corporation
US Employer, Working in Canada? Tax Treaty Tips for Non-Residents

Working in Canada for a US-Based Employer – Possible Canada/US Tax Treaty Exemption for Non-Resident Individuals

Income from employment is generally sourced to where the work is performed. This means that the country where the work was performed usually has the first right to tax payments or withholdings on the income. If you are a tax resident of a country that…
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Canada US Tax Treaty Residency Tie-Breaker Rules

Canada US Tax Treaty Residency Tie-Breaker Rules

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Should a US Traditional IRA be Converted to a Roth IRA Prior to Moving to Canada?

Should a US Traditional IRA be Converted to a Roth IRA Prior to Moving to Canada?

When considering a move to Canada from the US, many consider tax moves to make between a US traditional IRA and a Roth IRA. Should a move to a Roth IRA be considered, if possible? Taxation of Roth IRAs For most individuals, tax rates in…
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When Does Canadian Residency Begin?

When Does Canadian Residency Begin?

The proximity of the US to Canada means that individuals move between both countries often. Reasons for a move vary, but include opportunities for work, healthcare and even escaping a political climate for some. If you remain in Canada for an extended time or increase…
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Key COVID-19 Benefits for US Citizens and Residents

For many individuals including US expats, the impacts of COVID-19 have been significant. Fortunately, the IRS is providing some key tax-related benefits individual taxpayers should be aware of. (more…)
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IRS Shifts Gears: Provides U.S. Tax Relief Related to Certain Informational Returns of Foreign Trusts

IRS Shifts Gears: Provides U.S. Tax Relief Related to Certain Informational Returns of Foreign Trusts

Last week, the IRS released a Revenue Procedure providing certain U.S. citizens and residents with an exemption from information reporting requirements. The Revenue Procedure also permits eligible individuals to request an abatement or refund of penalties assessed for failing to comply with the requirements for…
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U.S. Gift Taxation Basics for Canadians

U.S. Gift Taxation Basics for Canadians

Under U.S. tax rules, transfers or gifts of property are subject to gift taxation if adequate consideration is not received by the giver. These rules are not limited to property in the U.S. and generally apply regardless of where the property is located with some exceptions.…
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U.S. Estate Taxation Basics for Canadians

U.S. Estate Taxation Basics for Canadians

Under U.S. tax rules, the transfer of property during one’s lifetime, as well as at death is subject to taxes. However, different rules apply depending on your status – either as a U.S. citizen, or resident. Added to this, who is considered a resident under…
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FICA Exemptions for Canadians on a U.S. Income Tax Return

FICA Exemptions for Canadians on a U.S. Income Tax Return

If heading to the U.S. on an assignment, it’s important to consider whether you expect to be there for the short-term, or to permanently set up shop. Why? You will want to plan for social security tax payments and whether those should be made in…
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Reducing Canadian Withholding Taxes When Earning Rental Income From The U.S.

Reducing Canadian Withholding Taxes When Earning Rental Income From The U.S.

An offer to work on assignment in the U.S. may be good reason to be filled with excitement. Benefits often include a pay raise, new work challenges, exposures and even housing and school benefits for your kids. But as you consider these perks and the…
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