Category: US Individual Taxes for Canadians

US & Canadian Cross-Border Tax Service - Cross-Border Financial Professional Corporation - US Individual Taxes for Canadians
U.S. Tax Residency & The Tax Treaty Tie-Breaker

U.S. Tax Residency & The Tax Treaty Tie-Breaker

Your Guide to US Tax Residency & the Canada/US Tax Treaty Navigating US individual income taxation can be complex. The system is based on both residency and citizenship, and a clear understanding of the rules is essential for anyone dealing with cross-border financial matters. If…
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Ten Things Tax-Savvy Canadians Consider Before a Move to the U.S.

Ten Things Tax-Savvy Canadians Consider Before a Move to the U.S.

10 Things a Cross Border Tax Accountant in Toronto Wants You to Know Before Moving to the U.S. Moving from Canada to the United States is an exciting adventure, but it often comes with a complex web of financial implications. If you are packing your…
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A Quick Tax Guide to Renouncing US Citizenship for Canadians

A Guide to Renouncing US Citizenship for Canadians Many individuals move between Canada and the United States for work, family, or new opportunities. Some Canadians obtain a US green card, while some Americans choose to build a life in Canada. A common surprise for many…
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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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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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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…
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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…
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Achieving International Compliance on a U.S. Income Tax Return – IRS Streamlined Tax Filing and Other Procedures

Achieving International Compliance on a U.S. Income Tax Return – IRS Streamlined Tax Filing and Other Procedures

So many individuals leave the U.S. to reside in Canada or elsewhere thinking they are free from filing a U.S. tax return with uncle Sam. They move along with their lives not realizing that even though they are not living in the U.S., they may…
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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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Heading South? US Tax Implications of your Canadian RESPs

Heading South? US Tax Implications of your Canadian RESPs

Under Canadian tax rules, a Registered Education Savings Plan (RESP) is an amazing tool for deferring tax while saving for your child’s education. A move south of the border may wipe these benefits out! Why? The income earned on a Canadian RESP is included on…
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