International & US Canadian Cross Border Tax Services in Toronto and the Greater Toronto Area
Bomcas Canada is a company that specialises in Canadian tax, international tax, and other countries are among the specialties of Toronto GTA Accounting and Tax Services, which assist clients in meeting, simplifying, and planning for their income tax obligations. Our international tax accounting professionals provide advice to clients on a variety of topics, including immigration taxes, financial and tax planning, and cross-border taxation concerns.
Cross-Border Tax Services in the Greater Toronto Area (GTA)
Understanding and managing cross-border tax rules can be a difficult process, but it is one that is critical for US citizens living in Canada and Canadian nationals who wish to relocate and/or work in another country. In order to avoid disproportionately large tax payments, double taxation, and excessive penalty fees as a result of the complexity of US tax legislation and the high penalties for noncompliance, it is critical to manage both corporate and personal taxation needs strategically and proactively.
The Planning of Estate Taxes Across International Boundaries. In spite of its importance, cross-border estate planning is a topic that is generally ignored by the general public. The ability to plan ahead of time is critical if you want to ensure that as much of your hard-earned money as possible is preserved for the benefit of you and your family. It can be difficult to comprehend the laws, and many people would rather not waste their time or money trying to figure out what they mean. If you don’t do your homework, you could face serious consequences, such as the imposition of penalties for failing to comply with income tax obligations and the creation of unexpected difficulties for those in charge of estate administration. It becomes more difficult for an individual or family to maintain their ties to both Canada and the United States, necessitating the use of specialised knowledge that is not typically found in the professional tax and estate planning sector.
Toronto GTA Canadian US and Cross-Border Tax Accountant
Canadian residents who travel to the United States for a period of time may be considered US residents for income tax purposes, and they may be required to file certain US tax returns. To avoid paying US taxes on worldwide income, Canadians who spend more than a specific number of days in the United States in one year or over a three-year period must file a US tax return or provide other proof of residency in the United States.
The world appears to be shrinking as more people than ever before prefer to trade in their snow boots for sandals each winter, investigate the potential of the US market, and make investments in other countries. On the other hand, coping with constantly changing foreign legislation may prove difficult. You will benefit from our services because they combine both your personal and corporate objectives, providing you with a strategic strategy that cuts through the “red tape” and allows you to enjoy an international lifestyle while also operating efficiently across international borders.
We are pleased with the growth of our in-house team of international tax accountants, who hold a variety of Accounting and Tax qualifications in Canada, the United States, and other countries around the world. With this ideal combination of technical expertise and international contacts, we are able to ensure that our clients’ global interests are in capable hands.
U.S. Tax Services and Tax Accountants in Toronto GTA Canada
Our Canadian US Tax Services Provide company and personal income tax preparation services for Canadian and US citizens and residents, as well as foreign residents. Our experienced tax preparer can save you money by locating credits and deductions that you are eligible for, while also assisting you in complying with the CRA, state and federal tax requirements, or the tax regulations of your parent country.
Our tax planning services are intended to assist you, your family, and your business in making better use of the tax system. Our tax planning goal is to reduce your tax bills while building a tax-efficient financial strategy for retirement and investing.
Toronto GTA General Accounting & Tax Services
Personal Tax Services
Bomcas Accounting and Tax Services in Canada offers personal tax services to clients in order to help them manage their personal and family wealth through strategic tax and financial planning.
Complete a GST/HST Return
When you file these electronically, the Canada Revenue Agency (CRA) now requires you to specify whether your income is from exempt or zero-rated goods, as well as sales from your linked organization.
Back Taxes, Unfiled Tax Returns
Our taxation services for individuals and businesses, including CRA audits, insolvency, back taxes, tax planning and assistance, and other services, can help you avoid making costly mistakes in the future.
Income Tax Preparation
Our tax professionals make taxes straightforward for you. File your tax return from wherever you are, and we’ll ensure you the most refund possible. You can file it in person, online, or by mail.
Small Business Accounting
We provide everything you’ll need to keep your business running smoothly. Accounting, strategy planning, payroll administration, cash flow management, bank financing, and other related services
Cross Border Tax Services
Our cross-border tax specialists are available to assist individuals and businesses with their tax issues. With us, you can rest assured that your cross-border taxes will be completed correctly the first time.
Sole Proprietorship Tax
Sole Proprietorship/Self- Employed. Your proprietorship or self employed income is reported along with any personal income on a T1 Income Tax Return. Our Tax Accountants are available
Corporation income tax return
To submit corporate income tax, you must file a tax return with the Canada Revenue Agency (CRA). Using your business number, you file your provincial corporate income taxes along with your federal income tax return.
Real Estate Accountant
Rental income must be reported in order to correctly complete and file your annual tax return. Our Real Estate accountants will assist you in maximizing any potential write-offs or benefits available to you.
Dedicated Tax Accountants
With your taxes in our Accountant’s hands, you can rest easy knowing that you have a tax expert on your side who is conversant and knowledgeable about all of Canada’s tax regulations.
Full-Service Support
Throughout the year, your Tax Accountant will advise you on tax methods that will help you save thousands of dollars. As well as all of the best practices. Your Accountant will work hard to secure you the largest possible return.
No Hidden Cost
Your initial fee will be communicated to you. Many of our services are flat-rate or vary in price depending on their complexity. There will be no surprises on your bill, no matter how frequently you contact us. You only pay for work that has been completed.
Service Toronto GTA Area in Ontario Canada
Accounting, Bookkeeping, Payroll, Farming, Personal & Corporate Tax, Income Tax Preparation are all services provided by Bomcas Canada. Here is a list of Ontario locations where we provide services. Please keep in mind that we can supply all of our services remotely and online to all of Ontario and all of Canada.
Popular Service Location
- Toronto
- GTA
- Ottawa
- Hamilton
- London
Popular Service Location
Windsor
Greater Sudbury
Kingston
Barrie
Brampton
Popular Service Location
- Kitchener
- Guelph
- Mississauga
- Thunder Bay
- Kitchener
(780) 667-5250
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Contact Information
To clarify, you may complete all your accounting and tax services entirely online with us, eliminating the need for you to travel to our office or take time away from work, among other things. You can also contact us and we will be pleased to assist you with any of your accounting and tax needs.