Managing taxes across Canada and the United States can be more complicated than filing a standard annual tax return. If you earn income in both countries, own property in the U.S., operate a business across the border, or have U.S. citizenship while living in Canada, you may need to understand the tax rules of both […]
Cross-Border Tax Accountant in Canada: How to Choose the Right Specialist Read More »
“I thought Form 5471 was the only thing I needed” If you are a U.S. citizen living in Canada and you own a Canadian corporation, filing Form 5471 is not the end of your U.S. obligations. The bigger issue is often GILTI: a U.S. tax on your corporation’s profit, charged to you personally, every year.
U.S. Citizens with Canadian Corporations: The GILTI Tax Trap Most Owners Miss Read More »
Most cross-border tax problems start with a simple reality: Canada and the United States determine who they can tax in very different ways. Canada generally taxes you based on your residency, while the United States can tax you because you are a U.S. citizen or green card holder, because you are considered a U.S. resident
Canada–U.S. Cross-Border Tax: A Complete Guide for Canadians and Americans Read More »
