At HSM, our cross-border tax services in the GTA encompass tax planning and compliance assistance for Canadians with financial activities or operations in the United States (US). These services aim to ensure adherence to tax laws and regulations in both Canada and the US while optimizing overall tax obligations.
Cross-border tax professionals play a crucial role in helping Canadians fulfill their US tax obligations, including filing US tax returns and understanding the tax implications of investments and business activities in the US. Our team can offer expert advice on tax planning for real estate transactions across both countries and guide individuals through the complexities of US tax reporting for those with US assets. Additionally, our experts provide insight into compliance with the US Foreign Account Tax Compliance Act (FATCA) and offer support during tax disputes and audits by the US Internal Revenue Service (IRS). Given the growing globalization of business and investment, it’s essential for Canadians to grasp their tax responsibilities in both nations and seek professional guidance to ensure compliance and minimize tax burdens. Beyond tax planning and compliance, cross-border tax services extend to estate planning for Canadians with US assets, advising on asset transfer upon death, and reducing the impact of estate taxes in both countries, underscoring the increasing importance of these services in a globally connected world.
HSM is equipped to assist with preparing basic personal and corporate tax returns, offering fundamental tax planning, and advising on the structuring of operations and transactions. We pride ourselves on delivering a personalized service that caters to your specific financial needs. Our mission is to support small and medium-sized business owners in safeguarding their financial future. Boasting a dedicated team of advisors with expertise in taxation, accounting, auditing, and consulting, HSM is your trusted partner, providing the essential tools and knowledge needed to make informed decisions for your business’s success.
