Taxes

What Our Tax Specialist In Toronto Does?

  • We’ll help you calculate all your tax obligations
  • We’ll calculate capital gains tax and associated reliefs
  • We can offer tax accountant advice, planning and preparation services
  • We’ll help you submit repayment claims
  • We offer help in tax disputes
  • Get help in identifying your allowances and exemptions

FTC (Foreign Tax Credits Or Deductions)

For all the taxes you paid in Canada, you can make a claim for foreign tax credit on your United States tax returns. If you are a green card holder or a U.S. citizen, you must file the 1040 form on yearly basis if you meet a certain income threshold. You may be subject to S.E. tax exemption if you reside in Canada and you are exempted by the Canadian U.S. social security agreement. You will have to file disclosure to this exemption with the 1040 Form.

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