Helping you navigate your cross-border tax challenges

Whether you’re a Canadian with ties to the US, a US citizen living in Canada, or contemplating a move in either direction, we are here to collaborate with you. Our goal is to understand your objectives and effectively manage your tax responsibilities, preventing penalties and mitigating the risk of double taxation.

A 360-degree approach to your cross-border tax needs

Cross-border personal tax goes far beyond filling out forms. It requires a deep understanding of tax laws on both sides of the border. However, the ever-changing regulations and legal landscape can be daunting. This is where our expertise comes into play. With our team’s extensive technical acumen, we can simplify the complexities and assist you in crafting a tax-savvy strategy that not only meets your current needs but also anticipates those of the future.

How we can assist you

Our team of cross-border accountants is dedicated to understanding each client’s circumstances and designing tailor-made solutions for any cross-border tax and compliance challenges they may be facing. This includes:

• Prepare US Individual Tax Returns: Forms 1040, 1040NR, Dual Status returns, including:
  • Form 3520: Annual return to report transactions with foreign trusts and receipt of certain foreign gifts
  • Form 5471: Information return of US persons with respect to certain foreign corporations
  • Form 8621: Information return by a shareholder of a passive foreign investment company or qualified electing fund
  • Form 8858: Information return of US persons with respect to foreign disregarded entities and foreign branches and State income tax returns
  • Form 8938: Statement of specified foreign financial assets
• Prepare personal State Income tax returns
• Prepare FinCEN Form 114 – Report of foreign bank and financial accounts (commonly known as the “FBAR”)
• Prepare filings under the Streamlined Foreign Offshore Procedures for delinquent filers, including Form 14653
• Complete ITIN applications on Form W-7, various versions of Form W8-BEN, and other required forms
• Coordinate US and Canadian deductions and credits
• Prepare final income tax for deceased individuals
• Identify applicable treaty benefits between US and Canada
• Ensure tax compliance with both the IRS and CRA

Contact your SME advisor and learn more about how our cross-border tax services can benefit you and your family.