Best US Personal Income Tax Services for Canadian Citizens
Are you a Canadian having assets in the United States? While residing in Canada, navigating US personal tax can be confusing. Online Accountant is here to make the process simple and seamless for you.
Why Choose Online Accountant’s US Personal Income Tax Services?
Professional US Personal Income Tax Services
Tax Preparation and Filing
Keeping in regard the US tax season, regulatory requirements and filing processes, we take stress out of US personal income tax filing and help you gather more wealth.
Tax Planning
Tax planning is as important as any other financial affair aur perhaps more. Our seasoned experts and advisors provide concrete advice for maximum saving and optimization.
Cross Border Tax Consultation
We provide reliable advice on management, retention and acquisition of cross-border assets.
IRS Representation
You do not need to do the fearsome job of presenting yourself before the Inland Revenue Service officials. In the event of an audit or a dispute, though with us it is unlikely, we will represent you and ensure your interests are protected.
FATCA and FBAR Compliance
There are some tax regulations that may apply to you, but you may be unaware of them. Two of those are the Foreign Account Tax Compliance Act (FATCA) and Report of Foreign Bank and Financial Accounts (FBAR). Will keep you compliant with all such obligations so that you will not have to worry.
Our Services for Individuals with US Rental Income
US Real Estate and Capital Gains Tax
There can be significant tax consequences of selling US real estate property. It is estimated that within a few transfers about 30% of your assets can be gone in taxes. Our experts at Online Accountant have an accurate understanding of such tax implications and can minimize your tax burden while keeping you in conformity with the US-Canada tax regulations.
Online Accountant's Services for Canadian Snowbirds
If you spend some part of your year doing a job in the United States, there can be immense cross-border tax implications. Online Accountant optimizes your tax position within the ambit of law so that you can thrive.
Well-Entrenched Knowledge Base
Our Accountants, CFOs and tax planners have decades of loyal service to our clients and have a cordial bond with most of our clients. This is why our clients consider us a go-to choice in financial matters.
Transparency of Fee
Modern Tools
Competitors Rates
Leveraging a diverse structural and organizational model, Online Accountant is able to far out-pace its competitors when it comes to affordability.
An Award-Winning Accountancy Company
FAQs
Tax liability depends on your residency status in Canada and the tax treaties between the United States and Canada.
It is advisable for you to file your taxes from Canada so that you can not only avoid double taxation through Foreign Earned Income Exclusion and claim Foreign Tax Credit but also be able to claim some other deductions.
Yes, the United States has a world-wide taxation system, and you can file your taxes while living abroad.
The United States and Canada have a treaty in place to prevent double taxation and it lays out the guidelines about which country will have primary taxing rights for specific types of income.
Indeed. The CRA has robust measures in place to prevent tax evasion. Firstly, doing such a thing intentionally can cause penalties, mounting interest and even imprisonment. Secondly the CRA has information sharing agreements with other countries’ tax authorities and has also other compliance mechanisms to ensure that no income goes unreported.
We manage IRS filings (e.g., Form 1040NR) and Canada Revenue Agency (CRA) requirements, ensuring adherence to both jurisdictions and prioritizing dual compliance.
Canadians with US-sourced income, such as rental properties, investments, or work in the US, may need to file.
The integration of US tax data with Canadian bookkeeping systems including QuickBooks becomes possible through our streamlined filing process. The solution enables Canadians to handle their US tax responsibilities with complete ease.
