US Canada Cross Border Tax Accountant Toronto
Avoid double taxation and secure your income with our cross-border tax accountants in Toronto. Enjoy maximum Foreign Tax Credits while staying 100% compliant with IRS and CRA regulations!
Minimize Double Taxation. US Canada Cross Border Tax Accountants Protect Your Money.
Stop Double Taxation.
Enjoy claiming 100% of applicable Foreign Tax Credits to reduce 20-40% of tax liabilities. Our CPA analyzes the US-Canada Tax Treaty.
Speedy US-Canada Tax Filing.
Save at least 40% of preparation time. We are one of the few Toronto experts who can accurately file cross-border taxes on time.
Avoid IRS & CRA Audits.
IRS audits average 0.6% for individuals and 1.1% for corporations. Our US Canada tax accountants guarantee full IRS and CRA compliance.
No More Penalty Fears.
Any errors in Forms 5471 and 5472 filing can result in IRS penalties of $25,000. Avoid these hefty penalties to experience peace of mind.
Our Services: US Canada Cross Border Tax Accountants in Toronto.
Don’t overpay when you can avoid double taxation with us. Our US Canada tax accountants in Toronto protect your income by claiming maximum Foreign Tax Credits and IRS and CRA compliance.
US Individual Tax Return Filing
- Compile Form 1040 and Form 1040-NR plus ITIN request
- Handle Schedule C for self-employment and LLC revenue
- Foreign tax credits to prevent double taxation (Forms 1116)
- Foreign earned income exclusion to prevent double taxation (Form 2555)
- Treaty-based elections (Form 8833)
U.S. Corporate & Partnership Tax Return Processing
- Organize Form 1120 for local businesses
- Prepare Form 1120-F for foreign firms with U.S. operations
- Complete Form 5472 for overseas corporate transactions
- Create Form 1065 for calculating partnership revenue and deductions
- 100% EIN certification by an approved SS-4 application
FBAR & FATCA Reports
- Compile the FinCEN Forms 114 and 8938 reporting
- FBAR filing for accounts exceeding $10,000
- FATCA reports offerings determined by filing status (single, married, etc.)
- Sync US and Canadian rules to avoid double taxes.
Smooth IRS Filing
- Advice Streamlined Foreign Offshore Procedures
- Expert setup of Form 14653
- Avoid the hefty IRS fines
U.S. Property Renting or Selling
- Administer Schedules D (capital gains) and E (rental income)
- Minimize income taxes from selling real estate
- Lower the 15% FIRPTA withholding rate
RSU and Stock Option Arrangements
- Avoid double taxation with security options benefits
- Handle complex RSU and stock option arrangements
- RSU Reports of W-2 (Box 14) and T4 (Box 38)
Trusted US Canada Tax Accountants Across Toronto.
Our US Canada tax accountants are deeply aware of foreign tax credits, Form 2555, Form 1116 and other similar forms. We have helped dozens of businesses avoid double taxation effectively!
Supporting Over 50 Toronto Businesses with US Canada Tax Accountants.
Go beyond your limitations with our international tax services in Toronto. Our CPA keeps everything compliant with U.S. and Canadian tax regulations.
Listen to our clients about how “avoiding double taxation helped them gain more revenue.”
Saving Money.
With our CPA, you can experience minimum tax liabilities (at least 25%) and save more money in your pocket.
Tailored Solutions.
Our CPA is an expert in cross-border filings and customizes solutions based on your business’s needs.
Tax Burdens Gone.
By guaranteeing full compliance, you will no longer have to worry about costly audits from the IRS and CRA.
Read Clients’ Stories to See Why They Trust Our US Canada Tax Accountants in Toronto.
Our US Canada Tax Accountants Guarantee 100% Satisfaction or Full Refund.
Money-Back Guarantee.
The SAL believes that you should only pay if satisfied with our services. And we will work hard to make it happen.
CRA Audit Protection.
Worried about IRS/CRA audits? Choose SAL as your cross-border tax accountant for a break. If needed, we undertake audits for free.
Knowing What You Get.
Enjoy upfront, clear costs so you know what you get in return.
What Makes Our US Canada Tax Accountants Different from Others in Toronto?
US Canada Cross Border Tax Accountants Serving Individuals & Businesses in Toronto.
U.S. Expansion for Canadian Businesses
U.S. tax laws may be complicated for you. Yet, we file taxes correctly based on U.S. and Canadian tax rules, guaranteeing IRS compliance. With expert corporate tax accounting, we ensure accurate transfer pricing and 15-30% tax savings.
U.S. Expatriates in Canada
Don’t let double taxation lower your hard-earned income. Form 2555 allows us to maximize foreign tax credits and income exclusions. By managing FBAR and FATCA laws, our expat tax accountants in Toronto avoid $10,000 in penalties per violation.
U.S. Property Purchase for Canadians
Estate taxes in the United States can be as high as 40% of a property’s value. Our US Canada tax accountants perfectly handle FIRPTA withholding and other complex tax laws. That is how we protect your investments.
U.S. Business Incorporation Services
Choosing the wrong business type can cost you 15-25% additional taxes. Our CPA understands your needs to pick the best LLC, C-Corp, or S-Corp structure. We also file Form 8832 to ensure a safe, tax-saving classification.
U.S. LP-GP Syndicate Structure
With expert K-1 reporting and treaty applications, we protect your U.S.-connected income. Our CPA addresses the U.S.-Canada Tax Treaty to reduce tax burdens by 20-25% in both the U.S. and Canada.
Tax Guidance for Canadians Moving to the U.S.
We don’t let the IRS tax your Canadian income by filing departure tax returns. Start your business smoothly in the U.S. Our tax consultants for US citizens in Toronto guarantee minimum cross-border tax liabilities.
E-commerce Businesses
No more worries about the U.S.-Canada Tax Treaty. Our CPA and e-commerce accountants assist you in avoiding permanent establishment under Article V, allowing you to protect your Canadian-earned income from U.S. taxes.
SaaS Providers
Cross-border taxes can increase up to 7-10% of revenue for SaaS businesses. At SAL, we ensure 100% compliance with ASC 606 standards. We maximize your margins and minimize withholding taxation to enhance the cash flow.
Amazon Store Sellers
State-specific taxes can be a nightmare. Without a physical nexus, we reduce tax exposure by up to 20%. Our US Canada tax accountants deliver accurate inventory cost reports, saving you 5–7% on overestimated taxes.
A Message from Our CPA
“Hello, SAL Accounting’s founding speaker here! Although cross-border tax compliance is challenging, with skilled accountants, it is an opportunity! Here, we are to assist you in growth. We are among the few tax accountants in Toronto, US and Canada who exclusively specialize in cross-border accounting. When the SAL crew is at your side, you no longer worry about double taxation. Count on us to help you reach across borders!”
M. SALMAN
Connect with Leading Cross Border Tax Accountants in Toronto.
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: US Canada Tax Accountants in Toronto.
How can one avoid double taxation?
Using tax treaties, foreign tax credits, and exclusions, our US Canada tax accountants avoid double taxation of your income. To meet IRS and CRA regulations and avoid double taxation, we evaluate the most appropriate tax treaty depending on your demands.
Can you claim Foreign Tax Credits?
Foreign Tax Credits, or FTCs, let taxpayers simultaneously pay taxes to a foreign nation and lower U.S. tax obligations. The IRS and CRA offer assistance with income protection. Our CPA prepares Form 1116 for this credit to help you avoid double taxation.
Why should I consider the Foreign Earned Income Exclusion?
Excluding a certain amount of foreign income helps US taxpayers lower their tax obligations. According to the Foreign Earned Income Exclusion (FEIE), qualifying people can exclude up to $120,000 per year to lower their taxable income. The process involves Form 2555, which our seasoned CPA can prepare.
For Foreign Earned Income Exclusion, who qualifies?
Whether you are a U.S. citizen or a resident working abroad, it relates to you. In case of unqualification, however, you have two alternatives to pursue and acquire this qualification. Either the Physical Presence Test or the Bona Fide Residence. The physical test demands at least 330 full days in a foreign country over a year.
Can one report offshore banking accounts to the IRS?
If your bank account’s value exceeds $10,000, an IRS report is absolutely required. Under these circumstances, you must file in FinCEN Form 114 a report on overseas banks and financial accounts (FBAR). You occasionally should file FATCA Form 8938 with your tax return. Our US Canadian tax accountants in Toronto can help you choose a suitable plan.
What differences exist between Form 1040 and Form 1040-NR?
Form 1040-NR is for nonresident aliens; Form 1040 is essentially specified for U.S. citizens. On the flip side, Form 1040 allows you to report worldwide revenue but only U.S.-sourced income—a significant difference in non-resident tax accounting.
I'm Canadian. How should I handle paying taxes on American property?
Under these conditions, you must be careful with U.S. tax laws, including FIRPTA. You should also record rental revenue on Schedule E (Form 1040) and apply a 15% withholding on sales. Fortunately, we offer US tax returns for Canadians in Toronto, and our CPA performs all these required tasks for you.
Where is SAL Accounting located?
We are in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes away from Union Station and CN Tower.
Book a FREE Consultation with Our US Canada Tax Accountants Now!
Put an end to double taxation right now! We are here to manage all complicated U.S. and Canadian tax laws, so you don’t have to. Don’t waste time; get your free consultation now!