Whether you are a US citizen living in Canada or a Canadian moving or working abroad, it is important to understand all the cross-border tax implications in order to strategically manage your personal and corporate taxation needs. At Smythe, we service a number of different types of clients, including both US and Canadian residents, part-year residents, US residents with foreign corporations, as well as non-residents. We also service the US tax needs of Canadian companies expanding its business into the US. Our skilled US tax team has experience working with clients in a vast variety of tax situations and is always up-to-date with the most current tax laws, regulation treaties and procedures to ensure we can answer all of your US, Canadian and cross-border tax questions.
US Personal Tax Compliance Services
- US federal & state personal income tax returns
- US estate & gift tax returns
- US expatriation tax returns
- US income tax returns for estates & trusts
- US Offshore Voluntary Disclosure Program & IRS Streamlined Procedures
- Preparation of US annual slips (NR4, 1099)
- Correspondence with the US tax authorities
- US foreign reporting filing (FBAR).
US Personal Tax Planning & Consulting Services
- Consultation on cross-border tax issues & employment abroad
- US estate & gift tax planning and corresponding Canadian tax implications
- US expatriation tax planning
- Pension split calculation to minimize overall tax liabilities
- Analysis of tax treaty applications for individuals
- US tax implications from owning RRSP/RESP/TFSA/Mutual funds
- US tax consequences to US persons owning shares in Canadian corporations (subpart F implications, PFIC issues).
US Corporate Tax Compliance Services
- US federal corporate and partnership income tax returns
- US federal income tax and information reporting for foreign corporations
- US state and local income and other tax returns
- Representation and liaison before IRS and state tax authorities
US Corporate Planning & Consulting Services
- US inbound and outbound transaction tax planning
- Permanent establishment analysis under US-Canada Treaty
- Tax planning and reporting on investment in US real property under FIRPTA
- Debt equity thin capitalization analysis
- US tax review and due diligence on transactions
- Withholding tax analysis and planning
- State corporate income tax nexus studies
- Sales and use tax consulting
