We make U.S. taxes easy.
We have Tax Experts across Canada who know the tax laws on both sides of the border. They can help you file both your U.S. and Canadian taxes.
What’s included in our U.S. tax services?
Find out if you need to file a U.S. tax return.
As a U.S. citizen living in Canada, you may need to complete a return in both Canada and the U.S. The good news is you may not have to pay taxes in both countries—we’ll show you how. For example:
Earned Income Exclusion
Form 2555 is a special form excluding foreign earned income from taxation in the U.S.
Foreign Tax Credit or Deductions
Claim a foreign tax credit on your U.S. return for taxes you paid to Canada.
U.S. citizens and green card holders must file a 1040 form every year if they meet income threshold requirements. In addition, you may be subject to additional U.S. tax reporting if you own or are a beneficiary of Canadian mutual funds, TFSAs, RESPs, RRSPs or RPPs.
Foreign Bank Account Reporting (FBAR)
If you are a U.S. citizen with financial interest in foreign accounts exceeding $10,000, you must report it by E-filing the FinCEN 114. Failure to report could result in a penalty of up to $10,000. The CRA and IRS communicate often on these matters, so talk to one of our Tax Experts today to protect your assets.
If you live outside the U.S., you have an automatic extension of two months to file your U.S. tax return, making June 15 your deadline. For your Canadian return you still need to file by May 1.