US-Canada Cross Border Tax Accountant Mississauga
Let us take the stress out of managing your books. We keep your books in order so you can focus on what you love- Crafting & Selling.
Your Money, Your Rules. US-Canada Cross Border Tax Accounting Done to End Double Taxation.
US-Canada Tax Treaty.
Overcome double taxation to reduce tax liabilities by 20-40%. Analyzing the Canada-U.S. Tax Treaty, we maximize foreign tax credits.
Avoid IRS & CRA Audits.
Average IRS audits cost individuals $14,000 or higher for corporations. We represent you before the IRS and CRA to reduce audit risks free of cost.
Superior Accountants.
Reliable experts for US-Canada cross-border taxes are rare. However, our tax accountants offer cross-border tax consultation in Mississauga, managing residency status, foreign tax credits, and treaty benefits.
No More Penalties.
RS imposes an automatic 25,000 penalty on incorrect Forms 5471 & 5472 filing. Cover your base with our cross border expert accountants.
Industries: Cross Border Individuals & Businesses We Advise in Mississauga.
Our Accountants acknowledge the vibrant Etsy community and creative entrepreneurs’ unique financial needs. That is why we tailored our bookkeeping services to cater to various industries within the Etsy marketplace. We proudly serve:
U.S. Expansion for Canadian Businesses
Are complicated U.S. tax laws overwhelming? We professionally file your taxes to fit both U.S. and Canadian tax rules and prevent the risk of IRS audits. Enjoy accurate transfer pricing and expert corporate tax accounting with our cross-border tax services in Mississauga.
U.S. Expatriates in Canada
Are you concerned about owning, selling, or renting U.S. properties? Our team knows how to solve complex tax issues (FIRPTA withholding) and create a suitable ownership structure. Otherwise, you may face estate taxes up to 40% of the property’s value.
U.S. Property Purchase for Canadians
Are you concerned about owning, selling, or renting U.S. properties? Our team knows how to solve complex tax issues (FIRPTA withholding) and create a suitable ownership structure. Otherwise, you may face estate taxes up to 40% of the property’s value.
U.S. Business Incorporation Services
Choosing the right business type can be confusing. We prepare the best incorporation service and cross border tax strategy in Mississauga to help you choose the proper LLC, C-Corp, or S-Corp. We prepare accurate Form 8832 filing to set the most tax-efficient classification for your entity.
U.S. LP-GP Syndicate Structure
No more stress over the tax of your U.S.-connected income. Our CPA can reduce withholding tax rates with expert K-1 reporting and other treaty benefits in both the U.S. and Canada.
Tax Guidance for Canadians Moving to the U.S.
End your tax residency in Canada and commence one in the U.S.! We file a departure tax return to protect your U.S. income from CRA and file a dual-status return, stopping the IRS from taxing your Canadian income.
E-commerce Businesses
Our CPA specializes in e-commerce accounting. We leverage the US-Canada Tax Treaty of Article V to avoid taxable income from permanent establishments. The result? No U.S. tax obligations!
SaaS Providers
Staying compliant with different U.S. state sales tax rules is challenging. Our accountants maintain U.S. revenue recognition standards (ASC 606). That is how we keep you away from unexpected tax liabilities as a SaaS provider.
Amazon Store Sellers
New nexus rules post-Wayfair are just a hassle, especially in multiple states. Our US-Canada tax accountants in Mississauga streamline your tax filing, saving 15-20% tax.
Our Cross Border Tax Services in Mississauga.
Double taxation looks like a cruel battle you cannot win without expert help. Our services help you set the best tax structures and strategies between the U.S. and Canada to minimize tax liabilities.
U.S. Individual Tax Return Preparation
- Prepare Form 1040 and Form 1040-NR + ITIN application.
- Manage schedules C for self-employment and LLC income
- Avoid double taxation by foreign tax credits (Forms 2555 & 1116)
- Treatybased election (Form 8833)
U.S. Corporate & Partnership Tax Return Preparation
- Arrange Form 1120 for domestic corporations
- File Form 1120-F for foreign corporations with U.S. activities
- Handle Form 5472 for foreign corporate transactions
- Develop Form 1065 for tax partnership income and deductions
- 100% EIN approval via successful SS4 application
FBAR & FATCA Reporting
- Prepare FinCEN Form 114 and Form 8938 reporting
- FBAR report preparation for accounts over $10,000
- FATCA report preparation based on filing status (single, married, etc.)
- Align U.S. and Canadian rules to prevent double taxation
IRS Streamlined Filing
- Guide IRS foreign streamlined offshore procedures
- Prepare Form 14653
- Avoid costly IRS penalties
Sale or Rent U.S. Real Property
- Manage schedule D (capital gains) & E (rental income)
- Minimize taxable gains on property sales
- Reduce 15% FIRPTA withholding rate
RSU & Stock Option Plans
- Save on double taxation on security options benefits
- Address complicated RSU and stock option plans
- Report RSUs showing on your W-2 (Box 14) and T4 (Box 38)
Partnering with Mississauga’s Cross Border Citizens & Companies.
As Mississauga’s leading international tax consultant, we help businesses and expats resolve U.S. and Canadian tax rules, successfully avoiding double taxation.
We Help Over 50 Businesses Like You Handle Cross Border Taxes in Mississauga
Focus on growing beyond geographic barriers. Our cross border tax accountant in Mississauga complies with U.S. and Canadian tax regulations.
Watch our clients explain how they “breathe a sigh of relief paying tax only once for both countries.”
Peace of Mind.
Make smart moves at the right moments with SAL. We address financial concerns on both sides of the border.
Expert Hands.
Finding a reliable provider for cross-border tax accounting isn't easy. Your income is in expert hands from Canada to the U.S.
Avoid Any Mistakes.
You may make a cross-border tax mistake simply by reporting the wrong income amount. Our CPAs ensure cross-border tax compliance in Mississauga.
Read Why Clients Trust Our Cross Border Tax Accounting.
Only Pay When Satisfied with Our Cross Border Tax Accountants.
100% Money-Back Guarantee.
The SAL’s principle is that you should only pay if satisfied with our services. And we’ll work sincerely to make that true.
CRA Audit Protection.
Concerned about CRA audits? Ease your mind by choosing SAL as your cross border tax accountant. We handle your CRA audit for free if it occurs.
Know What You’re Getting.
Enjoy upfront, transparent pricing so you know what you receive.
Why Choose SAL Accounting as Your Cross Border Tax Accountant in Mississauga?
Hear from the Founder: Cross Border Tax Made Simple.
“Hello, the founder of SAL Accounting speaking! I know cross-border tax compliance is not easy, but it is an opportunity under professional management! We’re here to help you grow. My team and I are one of the few experts in Mississauga who fully specialize in cross-border tax accounting. No more fear of double taxation when the SAL team is by your side. Trust us and expand your reach across borders!”
M. SALMAN
Connect with Expert Cross Border Tax Accountants in Mississauga
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Cross Border Tax Accountant in Mississauga
How do you save yourself from double taxation?
The best method to save your income from double taxation is to use tax treaties, Foreign Tax Credits, and exclusions. We consider the most suitable tax treaty based on your needs to avoid double taxation and meet IRS and CRA requirements.
What are Foreign Tax Credits?
Foreign Tax Credits or FTCs help taxpayers reduce U.S. tax liabilities and pay taxes to a foreign country at the same time. The IRS and CRA provide them to help you protect your income. We prepare Form 1116 for this credit to save you from double taxation.
What is Foreign Earned Income Exclusion?
It is a rule for U.S. taxpayers to reduce U.S. tax liabilities by excluding a specific part of their foreign-earned income. According to The Foreign Earned Income Exclusion (FEIE), qualified individuals can exclude up to $120,000 to reduce taxable income. It requires Form 2555 preparation, which you can outsource to our experienced CPA.
Who is eligible for Foreign Earned Income Exclusion?
If you are a U.S. citizen or resident working in another nation, it applies to you. But in case of being unqualified, you have two ways to follow and get this qualification. The Bona Fide Residence or the Physical Presence Test. The physical test requires a minimum of 330 full days in a foreign nation within 12 months.
Is it possible to report foreign bank accounts to the IRS?
If your bank account value exceeds $10,000, an IRS report is essential. In this situation, you must submit FinCEN Form 114, a report on foreign banks and financial accounts (FBAR). Sometimes, you need to file FATCA Form 8938 with your tax return. You can consult our CPA to find a suitable method.
How are Form 1040 and Form 1040-NR different from each other?
Basically, Form 1040 is specified for U.S. residents, while Form 1040-NR is for nonresident foreigners. On the other hand, you can report worldwide income with Form 1040 but only U.S.-source income with Form 1040-N—a crucial difference in non-resident tax accounting.
I'm a Canadian. How should I pay taxes for my U.S. property?
In these situations, you must be mindful of U.S. tax rules like FIRPTA. It applies a 15% withholding on sales, and you should also report rental income on Schedule E (Form 1040). Fortunately, our CPA accountant can manage all these needed tasks for you.
How can I find affordable cross-border tax accounting services in Mississauga near me?
SAL is located in the center of Mississauga. We serve consumers that stretch north as Highway 401, from Lakefront Promenade Park and Port Credit in the south to Streetsville and Jack Darling Memorial Park in the west.
Schedule a FREE Consultation to Cross Border Tax Needs.
Ready to save time and money on Cross Border Tax? Don’t delay. Reach out today to schedule a free consultation on making your Cross Border Tax simple and stress-free.