Category: US Individual Tax

US & Canadian Cross-Border Tax Service - Cross-Border Financial Professional Corporation - US Individual Tax
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…
Read More
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…
Read More
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…
Read More
TFSA On US Tax Return

Canadian Tax-Free Savings Accounts – Pitfalls on a U.S. Tax Return

Financial planning involves understanding various savings and investment accounts. Each account has unique rules and benefits. The Tax-Free Savings Account (TFSA) is popular among Canadians. Yet, it becomes more complex when dealing with cross-border tax rules. In this blog post, we will explore the intricacies…
Read More

Key Tax Deadlines for U.S. and Canadian Individual Tax Filers: 2025 Filing and Reporting Deadline Insights

Getting Cross-Border U.S. Canadian Tax right means keeping on top of cross-border tax planning, meeting U.S. Canada tax deadlines, and reporting foreign assets. Whether you’re an expat, investor or have connections across the border, working with a cross-border tax advisor can make a real difference…
Read More

Cross Border Tax Accountants: Your Essential Guide to Moving North or South

Life rarely respects national borders. You might find yourself moving for a career opportunity in Silicon Valley, retiring to the coast of British Columbia, or investing in real estate across the line. While the physical move requires logistics and packing tape, the financial move requires…
Read More

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…)
Read More
Should the Sale of a Canadian Principal Residence Be Avoided When Subject to U.S. Taxation?

Should the Sale of a Canadian Principal Residence Be Avoided When Subject to U.S. Taxation?

Your principal residence is likely one of, if not your largest asset. As a dual U.S. and Canadian tax filer, planning for the tax implications is key. (more…)
Read More
Do I need to File a US Tax Return?

Do I need to File a US Tax Return?

Do I need to File a US Tax Return? If you are a US Citizen, Resident Alien (Green Card holder, or deemed US resident), or a non-resident with certain US source income, the answer may be, “Yes.” US Citizen or Resident Alien? Figuring out whether…
Read More