U.S. & Canadian Tax Preparation for Cross-Border Individuals
We prepare U.S. and Canadian tax filings for individuals with cross-border tax obligations.
This includes U.S. citizens and green card holders living in Canada, Canadians with U.S. filing requirements, part-year residents, non-residents, and individuals with accounts, investments, or income in both countries.
Cross-border tax filings can be complex because the U.S. and Canadian systems often tax the same facts in different ways. Therefore, a proper filing approach should coordinate income, foreign tax credits, residency dates, treaty positions, investment reporting, and foreign account disclosure across both countries.
Richard Markman, the owner of US Taxes Toronto, is a licensed accountant in both the United States and Canada. As a result, the firm can provide coordinated support for individuals who need help on both sides of the border.
Who We Help
Our U.S. and Canadian tax services are designed for individuals whose tax lives do not fit neatly into one country.
- U.S. citizens and green card holders living in Canada
- Canadians who moved to or from the United States
- Individuals with U.S. and Canadian filing obligations in the same year
- Part-year Canadian residents and emigrants
- Non-residents with Canadian rental income or other Canadian-source income
- Individuals with foreign bank or investment accounts
- Taxpayers with Canadian or U.S. investments requiring special reporting
- Individuals who need help catching up on prior-year filings
Coordinated U.S. and Canadian Tax Filing
Preparing U.S. and Canadian returns together can reduce mismatches and avoid unnecessary confusion. This is especially important when income, deductions, credits, and foreign tax credits need to be coordinated between the two systems.
For example, cross-border coordination may affect employment income, self-employment income, rental income, investment income, pensions, stock compensation, treaty positions, and foreign tax credits.
Our Core Cross-Border Tax Services
Depending on your situation, we can assist with one or more of the following areas:
U.S. Tax Filings
Preparation of U.S. individual tax filings, including Form 1040, Form 1040-NR, dual-status filings, state tax returns where required, and related U.S. international reporting.
Canadian Tax Filings
Preparation of Canadian resident, part-year resident, emigrant, immigrant, and non-resident tax filings, including relevant foreign reporting where applicable.
Foreign Account and Asset Reporting
Review of FBAR, Form 8938, and T1135 reporting obligations for individuals with bank accounts, investment accounts, foreign securities, or other reportable assets.
PFIC and Form 8621 Reporting
Review of Canadian ETFs, mutual funds, high-interest savings ETFs, foreign funds, and other investments that may create U.S. PFIC and Form 8621 reporting issues.
Late or Prior-Year U.S. Filing Issues
Review of prior-year filing gaps, missed foreign reporting, and potential late-compliance options, including IRS Streamlined Filing where appropriate.
Cross-Border Residency and Move-Year Issues
Assistance with tax filings for individuals who moved between the United States and Canada, including part-year residency, dual-status issues, and income allocation.
Common Cross-Border Filing Issues
Cross-border individuals often need help identifying which forms apply. In addition, they may need guidance on how the U.S. and Canadian filings should work together.
- U.S. citizen or green card holder living in Canada
- Canadian resident with U.S. investment accounts or U.S. income
- Move-year filings between the United States and Canada
- Foreign tax credit coordination between the two countries
- Canadian T1135 reporting for specified foreign property
- FBAR and Form 8938 reporting for foreign financial accounts
- PFIC and Form 8621 reporting for Canadian funds
- Canadian rental income and non-resident Canadian filings
- U.S. or Canadian pension, retirement, and investment reporting
- Prior-year omissions, late filings, and amended returns
Why Prepare the U.S. and Canadian Returns Together?
Completing U.S. and Canadian tax returns at the same time has several practical advantages.
- Income can be reported consistently in both countries
- Foreign tax credits can be reviewed with both returns in mind
- Residency and move-year positions can be coordinated
- Foreign account and asset reporting can be identified earlier
- The taxpayer can work with one team rather than separately explaining the facts to multiple preparers
What Happens Next
Cross-border tax situations vary widely. Therefore, the first step is to understand your basic facts before asking for detailed records.
Initial review
- We review your residency and filing history
- We identify the U.S. and Canadian filings that may apply
- We consider whether foreign account or asset reporting is required
- We flag any obvious prior-year or late-filing issues
Next steps
- We explain what information is needed for your situation
- We coordinate the U.S. and Canadian filing approach
- We prepare the relevant returns and supporting schedules
- We help you understand the filing process before submission
Official IRS and CRA Resources
For official government guidance, you can also review these IRS and CRA resources. These links are included for general reference, since filing rules, forms, thresholds, and instructions may change over time.
- IRS information for U.S. citizens and resident aliens abroad
- IRS foreign tax credit information
- CRA personal income tax information
- CRA information for individuals leaving or entering Canada and non-residents
How US Taxes Toronto Can Help
We provide hands-on support for individuals with U.S. and Canadian tax filing obligations.
Our role is to identify the relevant filings, organize the tax information, prepare the required returns, and reduce the confusion that often comes with cross-border compliance.
Whether you need current-year tax preparation, help with prior-year issues, or a broader review of your filing position, we can help you determine the next steps.
Need Help With U.S. and Canadian Tax Filings?
If you have income, accounts, investments, residency ties, or filing obligations in both countries, consider reviewing the U.S. and Canadian tax position together.
We can help assess your filing requirements, prepare the relevant returns, and coordinate the U.S. and Canadian reporting.
Disclaimer: This page provides general information only and does not constitute legal, tax, accounting, investment, or financial advice. U.S. and Canadian tax filing obligations depend on the specific facts, residency status, income, accounts, investments, prior filings, and applicable law. Obtain advice based on your own circumstances before taking action.