Canadian Tax Filings
Learn more about Our Canadian Tax Filing services
Resident Tax Returns
You become a resident of Canada for income tax purposes when you establish significant residential ties in Canada. You usually establish these ties on the date you arrive in Canada and so newcomers to Canada will usually have a part year resident tax return that needs to be filed in the year of arrival. Similarly those leaving / emigrating from Canada will usually have a part year resident return in the year of departure. Canadian residents need to file taxes in every year where they need to pay taxes or want to claim refunds. Residents may also need to complete annual foreign income verification reporting to the extent they have foreign specified assets above a certain $ threshold. Click on the included links to learn more about who should file a Canadian tax return and the foreign income verification statements.
Non-Resident Tax Returns
Canadian non-residents may also have to complete a non-resident Canadian tax return. Examples of this may include working temporarily in Canada while still being a resident of another country, Section 216 non-resident tax returns for those non-residents who own Canadian rental properties, and Section 217 returns for Canadian pension income reporting.
Consolidate Your Tax Filings With Our One-Stop Shop
Completing your US and Canadian tax returns at the same time has numerous advantages. These include (1) the timely submission of all returns (2) ensuring that foreign tax credits are claimed on either or both returns to maximize your tax savings and (3) only having to work with one team of tax preparers to get it all done.
How Can US Taxes Toronto Help?
If you need help with your Canadian resident and non-resident tax filings, our team provides hands on ongoing support throughout this process. We make preparing and completing your tax filing convenient and easy. If you would like to get more information on how we can help please reach out to us via our contact page.