US Tax Accountant in Toronto
US tax services in downtown Toronto. IRS and CRA both want their share. We make sure you only pay once.
Trusted by US Taxpayers in Toronto
We Can Help You If…
- You got a letter from the IRS and your Canadian accountant has no idea what to do with it.
- You moved to Canada years ago and just found out you still have to file US taxes.
- You're earning US income from Canada and aren't sure which country gets to tax it first.
- You thought your Canadian investments were tax-free but the IRS wants a cut.
Our US Tax Services in Ontario
US tax preparation in Toronto for anyone who needs to file with the IRS.
US Tax Return Filing
- Form 1040 annual filing for Americans abroad
- Form 1040-NR for non-residents earning US income
- Foreign earned income exclusion (Form 2555)
- State tax returns where required
Foreign Account Reporting
- FBAR when foreign accounts exceed $10,000
- FATCA Form 8938 for higher asset thresholds
- Canadian account reporting (TFSA, RRSP, RESP)
- Penalty relief for missed filings
Treaty Benefits & Credits
- Foreign tax credits to reduce US taxes Toronto
- Treaty elections for Canadian pensions
- IRS and CRA filing coordination
Catch-Up Filing
- Streamlined Procedures without penalties
- Back returns and foreign account reports together
- Clear path forward if you've fallen behind
Need More Than US Tax Filing?
US LLC Formation
LLC setup, EIN registration, and Form 1040-NR filing for Canadian entrepreneurs.
US Business Incorporation
C-Corp formation, Form 1120 filing, and registered agent setup.
Cross-Border Business Tax
Sales tax compliance and filings for Canadian businesses selling to the US.
Your US Tax Filing in 3 Steps
From finding out what you owe to getting you compliant, here’s how we work together.
1. Free US Tax Strategy Call
We review your situation, find out which IRS forms you need, and tell you if you owe anything or if there's a refund waiting.
2. Document Collection & Prep
We gather your T4s, 1099s, foreign account statements, and anything else we need. Then we prepare your US return and other required forms.
3. Filing & Ongoing Support
We e-file with the IRS, submit your FBARs to FinCEN, and keep you compliant year after year. If the IRS ever contacts you, we handle it.
Why Clients Choose Our US Tax Accountants?
Clear US Taxes
Most Toronto accountants only know CRA. Our US tax accountants in Toronto handle both sides so your returns match and you don't pay twice.
No Travel Needed
You don't need to fly anywhere. We handle US tax filing in Toronto entirely online. E-file your 1040, submit FBARs, claim treaty benefits.
Year-Round Support
We don't disappear after tax season. IRS letter in July? Question about a foreign account in November? We're here whenever you need us.
Hear From Our Toronto Clients
See What Business Owners Say
Need a US Tax Accountant in Toronto?
Book a free call with our team. We’ll tell you exactly what forms you need, and how to stay compliant going forward.
Why do I have to pay US taxes if I live in Canada?
The IRS taxes are based on citizenship, not residence. A US passport or green card means you file every year, no matter where you live. Most Americans in Canada owe nothing after foreign tax credits, but you still have to file.
Can I file my US taxes in Canada?
Yes. US tax filing in Canada is done online: Form 1040 to the IRS, FBARs to FinCEN. A US tax accountant in Toronto handles it all remotely.
Is there a US-Canada tax treaty?
Yes. The treaty prevents double taxation by allowing foreign tax credits for taxes paid to the other country. It also covers pensions, dividends, and Social Security. Most Americans in Canada owe nothing to the IRS because Canadian rates are higher.
How do I avoid double taxation between the US and Canada?
Claim foreign tax credits on your US return for taxes already paid to CRA. Canadian rates are usually higher, so this typically wipes out your US bill. Proper US tax planning in downtown Toronto makes sure you’re not overpaying either country.
What is the 183 day rule for Canadians in the US?
It’s part of the substantial presence test. The IRS counts your days in the US over three years using a weighted formula. Too many days and they treat you as a US tax resident. If you’re close to the limit, talk to a cross-border personal tax accountant before your next trip.
What is the 90% rule in Canada?
It applies to part-year residents. If 90% or more of your worldwide income is Canadian-sourced during the time you weren’t a resident, you get full non-refundable tax credits. Below that threshold, credits are prorated based on days in Canada.
What is a US tax service?
It helps in meeting your IRS obligations: preparing Form 1040 or 1040-NR, filing FBARs and FATCA forms, claiming treaty benefits, handling IRS correspondence. Our US tax service in Ontario covers Americans in Canada and Canadians with US income.
Do I have to report US income to CRA?
Yes. Canadian residents pay tax on worldwide income, including US earnings. Report it on your T1 and claim a foreign tax credit using Form T2209 for any US taxes paid.
What happens if I haven't filed US taxes in years?
The IRS offers Streamlined Foreign Offshore Procedures for non-willful late filers. You submit three years of returns, six years of FBARs, and a statement explaining why you fell behind. No penalties if done correctly.
How much does a US tax accountant cost in Toronto?
At SAL Accounting, US tax preparation runs $3,000 to $5,000 per year depending on complexity. Book a free call for exact pricing.
Do I need a US tax accountant near me?
No. Everything is done online. We’re in Toronto’s Financial District, a short walk from the Eaton Centre, but our US tax services in downtown Toronto work with clients across Ontario remotely.
