Cross-Border & US Tax

If you are one of the hundreds of thousands of people relocating from Canada to the US, or vice versa, our consultants are experts in the tax issues that will affect you. This involves reviewing investments, reporting obligations and potential “traps” resulting from the network of laws between the two countries. Leaving this aspect of your move to us may free you to focus on other important aspects of a cross-border move.

Understanding the estate & gift tax system in the US can be complicated, with rules and requirements constantly changing. If you have lost a loved one or are planning for future generations, our team can provide expert estate tax solutions to minimize your tax exposure and to navigate the gauntlet of reporting for your beneficiaries.

The reporting obligations for shareholders and investors in any Canadian Controlled Private Company, US S Corporation or US LLC can be extremely complex, and failing to meet requirements can have serious punitive tax consequences. Our team at Smythe can help you navigate tax landscape whether you’re a Canadian who holds shares in American company, or vice versa.

While purchasing real estate as an individual is one of life’s most significant milestones, it can also be a source of worry if it involves cross-border taxation and reporting. We can provide you with both technical and practical inputs to ensure you are fully compliant with laws in both the US and Canada when you decide to undertake this commitment.

If you, as an individual employee, have stock options, RSUs or other stock plan income earned inside and/or outside Canada, our team can assist you. We have robust experience assisting employees with correctly reporting all their stock income, reconciling what has been reported via payroll, and more.

If you represent an international or US–based business that has operations in Canada or you’re looking to expand into Canada, either through organic means, mergers or acquisitions, we can help. Our cross–border and Canadian tax experts will work with our advisory team to help make your entry into this new market highly tax–efficient.

Alternately, if you own a Canadian company that is looking to expand into the US, Smythe’s advisors and network of partners have extensive experience assisting businesses operating in the US and within a multi–state environment, whether that be small to mid–size enterprises or multinational corporations.

We are adept in developing multifaceted tax strategies geared towards collaboration between Canadians and Americans on business ventures. Every business has a unique blueprint within a cross-border landscape, which necessitates specific and customized tax strategies to maximize return for parties on both sides of the border, and we are highly experienced in guiding such transactions, regardless of the scale of investment.