Cross Border Tax & Accounting in Canada

In Canada, there is a tax and accounting system that crosses borders. Bomcas Canada Accounting and Tax Services is one of the several Professional Tax Accountants and Accounting firm that provide Canadian’s with Canada-US tax planning and preparation and Cross Border Tax & Accounting services. Smart tax planning to avoid double taxation in Canada and the United States · Full compliance with IRS and CRA filing requirements our Cross Border Tax Accountants and Accounting team is hare to get your taxes doe correctly.

Bomcas Accounting specialists offer services such as business restructuring and tax preparation. These services include initial overseas investment structuring, financing foreign operations, cross-border transactions, controlling the global effective tax rate, and business re-structure.

US and Cross-Border Tax Accountant – Canadian Snowbirds

If you are a Canadian Snowbird in need of a professional tax Accountant to assist with US-Canada tax filings and looking for accounting firms near me then look no more. Our Accountants are available to complete your taxes anywhere in the world you are. Bomcas accountants serving Canada and US Individual, businesses & corporations. We offer affordable cross border tax accounting services. We provide excellent solutions to keep you on top of your taxes. Call us today your US Tax Services in Canada – US Tax Accountants. We can also assist foreign clients who wish to carry on business in Canada. Our team understands the various challenges that arise from cross-border taxation. Successfully leverage opportunities across borders. Complex and continuously evolving, the U.S. tax system presents numerous compliance challenges

Personal Cross-Border Tax Services – US Canadian Tax Return

Personal Cross-Border Tax Services. Bomcas Professional Tax Accountants, Cross-Border Tax Professionals helping US or Canadian residents and real estate property owners understand tax U.S. & Canadian Cross-Border Law & Accounting Tax Services. We provide Accounting and Tax Services across Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Northwest Territories, Nunavut, and Yukon.

US and Canada Cross Border Tax – Cross-border taxation between the United States and Canada

Citizens and green card holders from the United States who live in Canada can rely on us to ensure that they are complying with the tax regulations of both the Internal Revenue Service of the United States and the Canadian Taxation. We are committed to providing a high level of service to our clients.

It is our privilege to assist Canadians who work in the United States, whether on a temporary or full-time basis, or who live in the United States for a portion of the year, in dealing with the intricacies of severe tax problems and complex tax treaties. Please contact us if you have any questions.

For your cross-border tax compliance needs and compliance with your foreign asset reporting obligations, we have access to a team of highly experienced tax specialists in Edmonton and Sherwood Park, Alberta (Canada), who can assist you.

Providing Assistance to Individuals with Cross-Border Tax Issues

We can help Americans, Canadians, and real estate property owners understand and plan for tax difficulties. If you are a snowbird, work abroad, or have foreign investments, please contact us for information on international tax services and tax planning. For than two decades, businesses and individuals in Canada and the United States have depended on our combined experience.

Cross Border Estate Tax Planning – Estate Tax Planning Across International Boundaries

Transnational estate planning is a critical, if sometimes overlooked, topic that everyone should think about and plan for at some point in their lives. To reap the rewards of your hard-earned money in retirement, precise planning is required now to ensure that as much of your hard-earned money as possible is secured. As a result, because laws are complicated and contain issues that they would rather not waste their time and money worrying about, many people avoid dealing with them whenever possible. Inadequate estate planning can have serious repercussions, such as income tax penalties for failing to comply with the law, as well as unforeseen obstacles for those who will be in charge of administering the estate after the decedent’s death. Having ties to both Canada and the United States complicates issues further, needing the employment of specific knowledge and abilities not commonly found among those employed in the professional tax and estate planning field.

The professionals at Bomcas Accountants specialize in cross-border tax preparation, and they help both Americans living in Canada and Canadians dealing with cross-border concerns. The Income Tax Treaty between Canada and the United States has provided us with a thorough grasp of how tax laws in the United States and Canada interact with one another. Many of the harmful repercussions of climate change can be prevented with advance preparation. We believe that it is vital for us to thoroughly grasp our clients’ facts and objectives before designing custom-tailored solutions that would result in a favorable outcome for our clients.

Tax Planning for Those Moving to or Immigrating to Canada

Before you move or relocate to Canada, we at Bomcas Accounting and Tax Services will work with you to develop a tax-efficient approach. To reduce your tax burden, you must examine a number of factors, and just leaving Canada without a full exit strategy may prove costly. Our professional accountants can design and build frameworks that are tailored to your specific needs in order to maximize your situation while you relocate to your new home. This is especially crucial if you are relocating to another nation to determine whether or not Canada has a tax treaty with the country where you will be residing.

International tax services – Services for international taxation

Manage local and international taxes in a way that is consistent with the overall business objectives and operations of a multinational corporation is one of the most difficult — and intriguing — issues that a multinational corporation faces today. An increased relationship between a corporation’s tax and its business activities is essential in today’s volatile global market if the corporation is to achieve cash tax savings and tax efficiencies. Innovating strategies such as how Bomcas’ can assist individuals and multinational corporations in cutting income taxes, boosting profit margins, and expanding operations worldwide.

The firm offers cross-border income and transaction advice services to Canadian and American nationals, as well as US residents and Canadian residents. Nonresident aliens and high net worth individuals, as well as foreign enterprises, foreign partnerships, foreign trusts, and foreign corporations, can benefit from the firm’s cross-border transaction advising services.

We assist clients with various tax compliance obligations in the United States, such as the completion of US international reporting forms and other tax compliance requirements, in addition to supporting them with the preparation and filing of their Canadian and US tax returns. Tax amnesty submissions, such as those made under the IRS Voluntary Disclosure Program, Streamlined Domestic and Foreign Offshore Procedures, Delinquent International Information Return and FBAR Procedures, and the newly implemented IRS Relief Procedures for Certain Former Citizens, account for a significant portion of our work in the United States.

Other essential services include, to name a few, FIRPTA compliance, US estate tax planning, and the production of Canadian US estate tax forms.

There are other services available for nonresident aliens who want to relocate to the United States, as well as services for Canadians who want to leave Canada, such as assistance with the Canadian Departure Tax and other tax issues.

U.S. corporate tax services – Services for corporation taxation in the United States

Many successful Canadian-based businesses seek growth prospects in the United States. If they wish to minimize their tax obligations, ensure compliance, and fully utilize cross-border opportunities, they will require the aid of taxation professionals who are familiar with U.S. federal and state taxation laws, as well as their interactions with Canadian tax principles.