US Tax Advice and Planning Downtown Toronto
🇺🇸 US Tax Advice and Planning – Downtown Toronto
Cross-Border U.S. Tax Expertise with Canada, G20, EU, and Asia
📍 Serving from our Downtown Toronto Offices:
1 Dundas St W · 401 Bay St · 161 Bay St
👋 Welcome to Toronto Tax Consulting – Your U.S. Tax Advisor in Downtown Toronto
🇺🇸 US Tax Advice and Planning Downtown Toronto
With over 20 years of experience, Toronto Tax Consulting provides strategic U.S. tax advice and planning to individuals and businesses operating across borders. From Canadian residents investing in U.S. real estate to multinational corporations structuring U.S. subsidiaries, we deliver proactive and legally sound tax solutions tailored to complex global realities.
Whether you’re navigating Canada–U.S. cross-border tax planning, dealing with U.S. tax compliance for EU or Asian subsidiaries, or managing personal income from U.S. sources, we guide you through every step with precision and clarity.
🧭 Who We Help: Our U.S. Cross-Border Tax Clients
🇺🇸 US Tax Advice and Planning Downtown Toronto
At Toronto Tax Consulting, we specialize in solving highly technical U.S. cross-border tax problems for a diverse client base in Downtown Toronto and internationally. Below is a detailed breakdown of the types of clients we serve—along with real-world examples—spanning Canada–U.S., G20, EU, and Asia-Pacific tax treaty jurisdictions.
🇨🇦 Canadian and International Businesses with U.S. Exposure
🇺🇸 US Tax Advice and Planning Downtown Toronto
We work with Canadian and non-U.S. businesses that:
- Sell to U.S. customers through e-commerce, Amazon FBA, or digital services
- Employ U.S. remote contractors or open U.S. bank accounts
- License intellectual property or software to U.S. users
- Hold U.S. subsidiaries or branches
- Send employees to work temporarily in the U.S. under TN/NAFTA, L-1, or B-1 visas
- Participate in joint ventures with U.S. entities
- Invest in U.S. real estate through partnerships or LPs
🧾 Examples:
- A Mississauga-based fintech startup wanted to raise capital from U.S. VC funds. We structured a Delaware C-Corp with a tax-free Section 351 rollover and aligned reporting under Form 5471.
- A Vancouver wholesaler used a Michigan warehouse for distribution. We assessed state nexus thresholds, applied for a sales tax permit, and prepared Form 1120-F.
- A Polish software firm launched a U.S. SaaS platform. We designed a “check-the-box” U.S. LLC to avoid double tax under the Poland–U.S. tax treaty and handled FBAR compliance.
- A Toronto architect secured a U.S. federal project and needed treaty-based Article VII protection from U.S. self-employment tax.
🇺🇸 U.S. Domestic Businesses Operating Globally
🇺🇸 US Tax Advice and Planning Downtown Toronto
We assist U.S. entities that:
- Expand into Canada or other foreign markets
- Hire non-U.S. contractors or employees
- Invest in or control foreign subsidiaries (CFCs)
- Deal with GILTI, Subpart F, and PFICs
- File complex international reporting forms like 5471, 5472, 8865, 8938, 8992
🧾 Examples:
- A Texas oil & gas company acquired a Canadian fracking operation. We coordinated Form 5471 and repatriation tax disclosures.
- A California apparel brand opened a pop-up store in Toronto. We advised on GST/HST registration, permanent establishment risk, and transfer pricing benchmarks.
- A New York media company licensed content to German and Singaporean platforms. We advised on withholding tax planning and treaty positions.
🧑💼 U.S. Citizens, Green Card Holders, and U.S. Tax Residents Living in Canada
🇺🇸 US Tax Advice and Planning Downtown Toronto
We regularly help:
- Dual citizens with RRSPs, RESPs, and Canadian TFSAs (which are not U.S. tax-free)
- Americans in Canada filing Form 1040 + FBAR + FATCA
- U.S. citizens planning to renounce citizenship (covered expatriates and Form 8854)
- U.S. tax residents caught in deemed domicile rules under the U.S. substantial presence test
🧾 Examples:
- A Green Card holder in Toronto failed to file FBARs for 5 years. We used the Streamlined Foreign Offshore Procedures (SFOP) to cure compliance without penalties.
- A dual citizen Toronto lawyer cashed in RSUs granted by a U.S. employer. We coordinated U.S. and Canadian tax reporting and managed offsetting foreign tax credits.
- A Chicago retiree relocated to Oakville. We provided retirement planning involving IRA withdrawals, Roth conversions, and CRA recognition of Social Security income.
🇨🇦 Canadians and Non-Residents with U.S. Income, Assets, or Activities
🇺🇸 US Tax Advice and Planning Downtown Toronto
We assist clients who:
- Own or rent out U.S. vacation homes (Airbnb, VRBO)
- Receive U.S. dividends, royalties, or pensions
- Invest in U.S. stocks, REITs, or ETFs
- Work temporarily in the U.S. or are compensated in USD
- Sell U.S. real estate and require FIRPTA clearance (Form 8288-B)
- Are beneficiaries of U.S. estates or trusts
🧾 Examples:
- A Canadian tech consultant billed U.S. clients on Upwork and received a 1099-NEC. We structured services to avoid U.S. trade/business designation under IRC §864(b).
- A retired teacher in Ottawa sold a Florida condo. We filed Form 8288-B to reduce withholding, submitted a 1040NR with capital gains exclusion, and applied treaty benefits.
- A Chinese investor in Toronto owned Florida apartments through an LP. We created a blocker C-Corp to reduce estate tax risk and simplified Form 8804/8805 filings.
🌍 International Executives, Families, and Professionals in Transition
🇺🇸 US Tax Advice and Planning Downtown Toronto
We work with:
- Canadian executives assigned to U.S. headquarters under secondment or intra-company transfers
- Canadians moving to the U.S. for work or returning from the U.S.
- Families with cross-border income, dual residency, or multinational assets
- Immigrants to Canada from the U.S. or other G20 nations
🧾 Examples:
- An Indian executive relocated to New York from Toronto under a global mobility assignment. We handled Canadian departure tax, U.S. domicile planning, and IRS residency start date elections.
- A Belgian family with children studying in the U.S. needed help reporting U.S. rental income and gifts between U.S. and EU family trusts.
- A Filipino nurse split time between Texas and Ontario. We calculated dual residency using U.S. tie-breaker tests and applied for CRA Form NR73.
🏛️ Private Clients with Complex U.S. Trust, Estate, and Gift Matters
🇺🇸 US Tax Advice and Planning Downtown Toronto
We advise:
- Canadians who inherit from U.S. relatives or trusts
- Executors of estates involving U.S. assets or beneficiaries
- Canadians gifting property or cash to U.S. citizens (Form 709)
- Families with U.S. real estate inside Canadian family trusts
🧾 Examples:
- A Toronto family trust held Arizona property. We restructured ownership to avoid U.S. estate tax under IRC §2101 and resolved dual compliance under Form 3520-A and T3.
- A U.S. expat in Toronto passed away leaving assets to a Canadian spouse. We managed Form 706, applied U.S. marital deduction rules, and secured IRS closing letters.
- A Canadian couple gifting $400K USD to their U.S. children needed guidance on cross-border gift tax thresholds and treaty protections.
🌐 Jurisdictions We Cover – U.S. Cross-Border Tax Planning from Downtown Toronto
🇺🇸 US Tax Advice and Planning Downtown Toronto
Canada–U.S. Tax Planning + G20 + EU + Asia-Pacific Tax Treaty Networks
At Toronto Tax Consulting, we specialize in navigating complex U.S. tax matters involving cross-border transactions, tax residency, and treaty-based positions across all G20, EU, and Asia-Pacific jurisdictions. Our team provides strategic advice grounded in bilateral tax treaties, OECD guidance, FATCA/CRS compliance, and local domestic tax rules to ensure global tax efficiency.
🇨🇦 Canada–U.S. Tax Treaty (Primary Focus)
- Most common jurisdiction for cross-border planning
- We advise on:
- Dual tax residency under Article IV
- RRSP/RRIF/TFSA/RESP treatment under U.S. law
- Real estate sales, rentals, FIRPTA compliance
- Corporate expansion into the U.S. via LLC, C-Corp, or branches
- Treaty-based exemptions under Article VII (Business Profits), Article XII (Royalties), and Article XV (Employment)
🌍 G20 Jurisdictions – U.S. Cross-Border Tax Advice
🇺🇸 US Tax Advice and Planning Downtown Toronto
We advise clients with tax exposure involving Canada–U.S.–G20 flows, such as subsidiaries, investments, trusts, or residency transitions. Below is a breakdown by country:
🇬🇧 United Kingdom (UK)
🇺🇸 US Tax Advice and Planning Downtown Toronto
- U.S. reporting for UK trusts or pension plans
- Use of UK LLPs and Ltd companies in U.S.-source transactions
- FATCA reporting of UK accounts for U.S. persons
Example: UK-based fund managers residing in Canada investing in Delaware LPs—we advised on treaty relief and dual-residency allocation.
🇫🇷 France
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Reporting of French assurance-vie contracts to IRS
- Capital gains on U.S. real estate by French non-residents
- Form 8833 filings for Article 4 tie-breaker rules
Example: Paris-based artist receiving U.S. royalties—we avoided 30% withholding under Article 12 and obtained IRS tax refunds.
🇩🇪 Germany
🇺🇸 US Tax Advice and Planning Downtown Toronto
- U.S. tax planning for German GmbH owners relocating to the U.S.
- Dual reporting under FATCA and German eStG
- Structuring U.S. trusts for German heirs
🇮🇹 Italy
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Managing U.S. estate tax for Italian nationals inheriting U.S. property
- Treaty-based exemptions for cross-border employment income (Article 15)
- Real estate held via Italian SRLs and taxed in the U.S.
🇯🇵 Japan
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Form 8833 treaty disclosures for Japanese taxpayers working in the U.S.
- Japanese pension and annuity treatment under IRC §§72 and §911
- Transfer pricing between Japanese HQ and U.S. subsidiaries
🇰🇷 South Korea
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Reporting Korean investments under U.S. FATCA
- Korean corporate ownership of U.S. commercial real estate
- U.S. withholding tax treaty positions under Article 12 and 13
🇮🇳 India
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Structuring for NRIs and U.S. Green Card holders with Indian income
- U.S. treatment of Indian HUFs, LIC policies, PF and NRE accounts
- Cross-border gifting and trust planning
🇨🇳 China
🇺🇸 US Tax Advice and Planning Downtown Toronto
- U.S. tax for Chinese nationals investing in U.S. partnerships and LPs
- FATCA disclosures for U.S. persons with mainland bank accounts
- Navigating U.S. withholding on dividends, royalties, and interest paid to Chinese corporations
🇲🇽 Mexico
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Canada–U.S.–Mexico tri-jurisdiction planning
- Employment transitions between Mexico and U.S. under USMCA
- Real estate tax coordination for Mexican nationals buying U.S. vacation property
🇧🇷 Brazil
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Complex planning due to no U.S.–Brazil tax treaty
- Avoiding double taxation on U.S. dividends and interest
- Form 1040NR and FIRPTA filings for Brazilian investors
🇿🇦 South Africa
🇺🇸 US Tax Advice and Planning Downtown Toronto
- U.S. trust planning for South African emigrants
- Withholding and U.S. real estate disposition by South African residents
- FATCA compliance and cross-border retirement income
🇪🇺 European Union (EU) Jurisdictions – U.S. Tax Integration
🇺🇸 US Tax Advice and Planning Downtown Toronto
We offer extensive advisory services for EU nationals living, working, or investing in the U.S. or Canada. Common issues include FATCA disclosure, U.S. estate tax exposure, and PFIC reporting for EU investment accounts.
Key EU Jurisdictions We Support:
| Country | Key U.S. Tax Issues |
|---|---|
| 🇳🇱 Netherlands | Dutch BV owners with U.S. sales, dividend withholding |
| 🇪🇸 Spain | Non-resident sales of U.S. real estate (Form 8288) |
| 🇵🇱 Poland | Polish IT contractors working remotely for U.S. firms |
| 🇸🇪 Sweden | Swedish pension tax planning for U.S. expats |
| 🇨🇿 Czechia | Cross-border employment income structuring |
| 🇮🇪 Ireland | Tax structuring for Irish startups raising U.S. VC funding |
| 🇩🇰 Denmark | U.S. LLC investments by Danish investors |
| 🇫🇮 Finland | FATCA disclosures and U.S. interest income |
| 🇧🇪 Belgium | Reporting Belgian bank accounts for U.S. residents |
| 🇦🇹 Austria | Inheritance of U.S. assets by Austrian beneficiaries |
| 🇭🇺 Hungary | Income from U.S. rental properties |
| 🇷🇴 Romania | Treaty-based income tax relief for remote work |
| 🇬🇷 Greece | Planning for dual U.S.–Greek citizenship and estate tax exposure |
| 🇧🇬 Bulgaria | Tax treatment of U.S. dividends and capital gains |
🌏 Asia-Pacific Jurisdictions – U.S. Tax Structuring and Reporting
🇺🇸 US Tax Advice and Planning Downtown Toronto
We support Asia-Pacific clients with investments in the U.S., Canadian immigration, and trust planning.
Key Services by Country:
| Country | Cross-Border U.S. Tax Issues |
|---|---|
| 🇸🇬 Singapore | U.S. reporting for SG trusts and family offices |
| 🇭🇰 Hong Kong | U.S. taxation on equity compensation and capital markets |
| 🇵🇭 Philippines | FBAR reporting for remittances and dual U.S. citizenship |
| 🇲🇾 Malaysia | Real estate investment structuring and Form 1040NR filings |
| 🇹🇭 Thailand | Retirement planning for dual U.S.–Thai citizens |
| 🇻🇳 Vietnam | Vietnamese nationals investing in U.S. private equity |
| 🇦🇺 Australia | U.S. estate planning and 401(k) vs. superannuation conflicts |
| 🇳🇿 New Zealand | Coordinating KiwiSaver accounts with U.S. IRS rules |
🏦 Common Services Across Jurisdictions
🇺🇸 US Tax Advice and Planning Downtown Toronto
- Treaty-based tax exemptions and residency determinations
- Form 8833 filings for treaty positions
- FIRPTA withholding planning for U.S. real estate
- IRS international forms: 5471, 3520, 8621, 8938, 8865
- FATCA and FBAR compliance for foreign bank accounts
- Cross-border estate, gift, and trust planning
- U.S. retirement account coordination with local pension plans
- U.S. tax representation before IRS and coordination with CRA
⚖️ Coordination with U.S. and International Tax Authorities
🇺🇸 US Tax Advice and Planning Downtown Toronto
- 🇺🇸 IRS – Internal Revenue Service
- 🇨🇦 CRA – Canada Revenue Agency
- 🏛️ State Tax Departments (California, New York, Florida, Texas)
- 🌍 Foreign Tax Authorities under FATCA and CRS (OECD)
📌 Where to Find Us – Downtown Toronto U.S. Tax Offices
🇺🇸 US Tax Advice and Planning Downtown Toronto
Toronto Tax Consulting – U.S. Tax Advisory
📍 1 Dundas Street West, Suite 2500
📍 401 Bay Street, Suite 1600
📍 161 Bay Street, 27th Floor
📞 Tel: (416) 628-7824 Ext. 2
📧 Email: info@torontotaxconsulting.com
🇨🇦 Canadian Offices
| Downtown Toronto (Bay & Queen) Toronto Tax Consulting 📍401 Bay St, Suite 1600 Toronto, ON M5H 2Y4 📞 416-628-7824 Ext.2 | Downtown Toronto (Yonge & Dundas) Toronto Tax Consulting 📍1 Dundas St W, Suite 2500 Toronto, ON M5G 1Z3 📞 416-628-7824 Ext.2 |
| Downtown Toronto International Tax Advisor Office 📍161 Bay St, 27th Floor Toronto, ON M5J 2S1 📞 1-800-693-5950 | Midtown Toronto (Yonge & St.Clair) Toronto Tax Consulting 📍2 St. Clair Ave W, 18th Floor Toronto, ON M4V 1L5 📞 (647) 951-2348 Ext.2 |
| Downtown Toronto (Yonge & Bloor) Toronto Tax Consulting 📍2 Bloor Street West, Suite 700 Toronto, ON M4W 3E2 📞 (647) 951-2013 Ext.2 | Etobicoke, ON Etobicoke Tax Consulting 📍3250 Bloor St W, Suite 600 East Tower Etobicoke, ON M8X 2X9 📞 1-800-717-4162 Ext.2 |
| North York, ON (Yonge & Sheppard) North York Tax Consulting 📍4711 Yonge St, 10th Floor Toronto, ON M2N 6K8 📞 416-628-7824 | Mississauga, ON (Square One) Mississauga Tax Consulting 📍4 Robert Speck Parkway, Suite 1500 Mississauga, ON L4Z 1S1 📞 1-888-905-7577 |
| Oakville, ON Toronto Tax Consulting 📍2010 Winston Park Dr, Suite 200 Oakville, ON L6H 5R7 📞 1-888-905-7577 | Markham, ON Markham Tax Consulting 📍15 Allstate Parkway, Suite 600 Markham, ON L3R 5B4 📞 416-628-7824 |
🇺🇸 U.S. Offices
| New York, NY Toronto Tax Consulting 📍100 Park Avenue, Suite 1600 New York, NY 10017 📞 646-995-5187 | Chicago, IL Toronto Tax Consulting 📍30 S Wacker Dr, Suite 2200 Chicago, IL 60606 📞 1-800-717-4162 |
| Washington, DC Toronto Tax Consulting 📍1200 G St NW, Suite 800 Washington, DC 20005 📞 1-800-693-5950 | Pasadena, CA Toronto Tax Consulting 📍Century Square, 155 N Lake Ave, Suite 800 Pasadena, CA 91101 📞 1-800-693-5950 |
| Miami, FL Toronto Tax Consulting 📍201 South Biscayne Boulevard Miami, FL 33131 📞 1-800-693-5950 |
🇬🇧 European Offices
| London, UK Toronto Tax Consulting 37th Floor, Canary Wharf, 1 Canada Square London, E14 5AA, United Kingdom 📞 +44 20 3885 6292 |
📞 Ready to Speak to a U.S. Tax Advisor?
🇺🇸 US Tax Advice and Planning Downtown Toronto
If your situation isn’t listed above, that’s okay. No two cross-border tax matters are ever the same. Whether it’s a Form 1040NR, foreign trust, LLC withholding, or FATCA reporting, Toronto Tax Consulting is here to help.
➡️ Call us today at (416) 628-7824 Ext. 2 or book a consultation online.
Expert U.S. tax advice and planning—right here in Downtown Toronto.
🧾 Frequently Asked Questions (FAQ) – U.S. Tax Advice and Planning in Downtown Toronto
By Toronto Tax Consulting | Expert U.S. Tax Advisors | 20+ Years of Cross-Border Experience
This FAQ covers the most commonly searched questions and tax planning issues for U.S. citizens, Green Card holders, Canadians with U.S. investments, and international clients with U.S. tax exposure. It is optimized for search engines and structured to assist AI referencing and discovery.
✅ General Questions
Q1: Who needs U.S. tax advice in Toronto?
Anyone in Toronto or Canada who:
- Holds U.S. citizenship or a Green Card
- Earns U.S.-source income (employment, rental, dividends)
- Owns or sells U.S. real estate
- Is investing in U.S. partnerships, LLCs, or corporations
- Has U.S. retirement accounts (401(k), IRA)
- Works remotely for a U.S.-based company
- Wants to claim a treaty benefit under the Canada–U.S. Tax Treaty
Q2: What is cross-border tax planning and why is it important?
Cross-border tax planning ensures:
- You avoid double taxation
- You minimize withholding tax
- You comply with U.S. IRS reporting
- You apply tax treaty benefits properly
It’s essential for residents of Canada earning, investing, or doing business in the U.S.
Q3: What’s the difference between U.S. tax advice and tax preparation?
- U.S. Tax Advice = Strategic planning, treaty analysis, entity structuring
- U.S. Tax Preparation = Completing and filing forms (e.g., 1040NR, 1040, 5471)
Toronto Tax Consulting offers both, tailored for Downtown Toronto-based clients.
🇺🇸 U.S. Citizens and Green Card Holders in Canada
Q4: Do U.S. citizens living in Canada have to file U.S. tax returns?
Yes. U.S. citizens and Green Card holders must file a U.S. tax return (Form 1040) every year, regardless of where they live.
Q5: Can U.S. citizens in Canada avoid double taxation?
Yes. You may:
- Use the Foreign Earned Income Exclusion (Form 2555)
- Claim Foreign Tax Credits (Form 1116)
- Apply Canada–U.S. treaty protections (Article IV, XIV, XV, etc.)
Q6: Do I need to report my Canadian bank accounts to the IRS?
Yes. If you are a U.S. person and your foreign account balances exceed $10,000, you must file:
- FBAR (FinCEN Form 114)
- FATCA Form 8938 if thresholds are met
Q7: What if I haven’t filed U.S. taxes for several years?
You may qualify for the:
- Streamlined Foreign Offshore Procedures (SFOP)
- Voluntary disclosure or reasonable cause defense
We help clients catch up without penalties.
🏢 U.S. Business & Investment Tax Planning from Canada
Q8: I’m Canadian and want to start a business in the U.S. – what are my options?
You can:
- Register a C-Corporation, LLC, or LP
- Avoid permanent establishment under treaty rules
- Use a Canadian HoldCo for tax efficiency
We’ll help you determine the best structure and jurisdiction (e.g., Delaware, Florida, Texas).
Q9: How are Canadian residents taxed on U.S. real estate?
You may face:
- FIRPTA withholding (Form 8288/8288-B)
- Capital gains tax on sale (file 1040NR)
- Rental income reporting (Schedule E)
You can reduce tax with treaty exemptions and Form W-8ECI planning.
Q10: What is FIRPTA and how does it apply to Canadians?
FIRPTA = Foreign Investment in Real Property Tax Act
Canadians selling U.S. real estate are subject to 15% withholding, unless:
- A FIRPTA exemption or reduction is filed in advance (Form 8288-B)
- Capital gains are properly reported on a 1040NR tax return
Q11: Can a Canadian own an interest in a U.S. LLC?
Yes, but it has complex tax consequences:
- Flow-through taxation may trigger U.S. filing
- May require ITIN and Forms 1065/8805/1040NR
- Could be double-taxed without treaty relief
We recommend alternative structures like blocker corps or LPs for tax efficiency.
Q12: How can I repatriate profits from the U.S. to Canada tax-efficiently?
Strategies include:
- Dividends from U.S. C-Corps (15% treaty rate)
- Management fees or intercompany service agreements
- Debt repatriation and transfer pricing documentation
💼 U.S. Employment and Remote Work
Q13: I’m a Canadian working remotely for a U.S. company. Do I pay U.S. tax?
Not usually, but:
- U.S. may withhold tax incorrectly
- You may need Form W-8BEN to certify Canadian residency
- Treaty Article XV can protect you from U.S. taxation
We help correct payroll and withholding compliance.
Q14: I was on a TN visa and returned to Canada. Do I still file a U.S. return?
Yes, if you earned U.S. income, you must file a 1040 or 1040NR, depending on your residency status under IRS rules. We also assist with dual-status return filing and NR74/NR73 forms.
🧾 U.S. Forms, Compliance, and Reporting
Q15: What are the most common U.S. tax forms for Canadians?
- Form 1040 / 1040NR – Individual tax returns
- Form 5471 – Foreign corporations
- Form 8865 – Foreign partnerships
- Form 3520/3520-A – Foreign trusts and gifts
- Form 8938 / FBAR (FinCEN 114) – Foreign assets
- Form 8288-B – FIRPTA withholding certificate
Q16: What is Form 8833 and when do I need it?
Form 8833 is used to:
- Claim tax treaty benefits (e.g., override U.S. sourcing rules)
- Avoid double taxation
It’s mandatory when you take a treaty-based return position, especially for residents of Canada, the UK, Germany, India, France, and other treaty countries.
Q17: What is a PFIC and why does it matter to Canadian investors?
PFIC = Passive Foreign Investment Company, common in:
- Canadian mutual funds
- TFSAs and RESPs
Owning PFICs triggers Form 8621 and can result in punitive U.S. taxation if not properly managed.
🏛️ U.S. Estate, Gift, and Retirement Planning
Q18: Will my U.S. assets be subject to U.S. estate tax?
Yes, non-resident aliens (including Canadians) are subject to U.S. estate tax on:
- U.S. real estate
- U.S. shares
- Certain U.S. partnerships
The Canada–U.S. treaty may allow for a pro-rated exemption, but planning is critical.
Q19: Can Canadians contribute to or withdraw from a U.S. IRA or 401(k)?
Yes, but:
- U.S. withdrawals may be taxable in both countries
- The treaty may allow offsetting credits
- Canada may tax distributions even if U.S. tax-deferred
We coordinate dual-jurisdiction retirement strategies.
Q20: How do I structure cross-border gifts to avoid U.S. gift tax?
Non-U.S. persons may still face gift tax on:
- Gifts of U.S. real estate
- Cash transfers to U.S. citizens
Proper structuring, timing, and reporting via Form 709 or Form 3520 can mitigate exposure.
🔎 Location-Specific: Downtown Toronto U.S. Tax Services
Q21: Where can I find U.S. tax advisors in Downtown Toronto?
Toronto Tax Consulting operates from:
- 1 Dundas St W, Suite 2500
- 401 Bay St, Suite 1600
- 161 Bay St, 27th Floor
Call (416) 628-7824 Ext. 2 or email info@torontotaxconsulting.com
Q22: What sets Toronto Tax Consulting apart?
- Over 20 years of cross-border tax experience
- Specialized in Canada–U.S.–G20–EU–Asia tax treaty planning
- Expertise in IRS compliance, foreign reporting, transfer pricing, and estate planning
- Local expertise with Downtown Toronto financial and legal professionals
Q23: Do you provide legal and tax structuring for U.S. expansion?
Yes. We assist:
- Startups and corporations entering the U.S.
- Cross-border mergers, acquisitions, and reorganizations
- Withholding planning, check-the-box elections, and Subpart F/GILTI exposure
Q24: Can you help with audits or IRS letters?
Absolutely. We:
- Represent clients before the IRS
- Respond to Form CP notices, FBAR inquiries, 1040NR reviews
- Prepare voluntary disclosures and reasonable cause statements
Q25: How do I book a consultation?
📞 Call us at (416) 628-7824 Ext. 2
📧 Email: info@torontotaxconsulting.com
📍 Visit our offices in Downtown Toronto
📅 Schedule online: [Insert calendar link if applicable]