Cross Border and US Taxation
Cross-Border and US Taxation Services by Kreston GTA
Navigating the cross-border tax complexities between Canada and the United States has become increasingly important due to the current political and economic climate. Many individuals and businesses are moving from Canada to the US, or vice versa, and are often unaware of their full tax obligations. At Kreston GTA, we offer comprehensive solutions to ensure you meet all your tax requirements on both sides of the border—without the stress.
Why Choose Kreston GTA for Cross-Border and US Taxation?
Our team of Canadian and US CPAs, together with our extensive Kreston Global network, provides specialized tax and accounting services designed for individuals, businesses, and not-for-profit organizations dealing with cross-border issues. We stay up-to-date with the latest IRS and CRA regulations, including the recent increase in IRS enforcement for foreign corporations and American citizens living in Canada, where fines and penalties can be significant.
For more information about our expertise, visit our Cross-Border and US Taxation service page.
Services for Individuals
Personal Tax Planning and Compliance:
We offer preparation and filing of personal income tax returns in both the US (IRS) and Canada (CRA). Our team assists with dual residency positions, foreign bank account reporting (FBAR/FINCEN), and IRS Form 8938 (FATCA) compliance.
Expatriate Tax Services:
If you are a US citizen or green card holder residing in Canada, or a Canadian resident working in the US, we guide you through the US’s worldwide income taxation policies. We also leverage the US-Canada Tax Treaty to minimize double taxation and assist with departure/exit tax planning.
Retirement and Estate Tax Planning:
We help you with cross-border planning for pensions, IRAs, RRSPs, and other retirement accounts, as well as estate and inheritance tax implications.
Services for Businesses
Corporate Tax Compliance:
Our experts handle corporate tax returns for businesses operating in both countries and ensure compliance with Canadian GST/HST and US state/local taxes.
Transfer Pricing & Intercompany Transactions:
We provide documentation and compliance support for transfer pricing on cross-border transactions between related entities.
Permanent Establishment Guidance:
We assess if your business activities create a taxable presence (permanent establishment) in another country.
Cross-Border Payroll Services:
Our payroll specialists manage withholding tax compliance and employer obligations for social security, including US FICA/Medicare and Canadian CPP/EI. More details on payroll services for Canadian and international businesses are available on our site.
Tax Structuring and Planning:
We provide advice on tax-efficient structuring of cross-border operations, mergers, acquisitions, and R&D tax credits.
Additional Cross-Border Services
Voluntary Disclosure Programs:
We assist with reporting previously undisclosed income or assets, helping you avoid penalties.
Audit & Representation:
Our experienced team represents you during IRS or CRA audits and helps resolve cross-border tax disputes.
Why Trust Kreston GTA’s Cross-Border Tax Team?
Our cross-border taxation specialists have the knowledge and expertise to solve even the most complex international tax problems. If a unique challenge arises, we draw on our global network to ensure you get the best solution.
For a complete overview of our services, please visit our accounting and consulting services page.
