If you own property in the United States, you may already be aware of the challenges that come with it. To be successful in your endeavors, it’s crucial to have a deep understanding of cross-border financial and business matters. HSM is committed to providing top-notch cross-border tax services, which can alleviate some of the stress that comes with such matters. Whether you are a corporation or an individual, we work diligently to ensure your business operates smoothly and maintains a strong financial standing, including assisting with organizing cross-border assets. Our tax planning services in Toronto have extensive experience, which can significantly contribute to the success of your business transactions.
When dealing with cross-border taxation, it’s important to keep in mind Transfer Pricing and Foreign Investment Property. Both can have varying effects on your financial gains. Foreign Investment Property encompasses the money you hold in foreign bank accounts, interest in non-resident trusts, shares involving foreign investments in different companies, and debentures and bonds acquired from foreign governments.
Transfer pricing comes into play when tax authorities stake their claim for what you’ve made, whether you are an individual or work for multinational or American companies. It pertains to the pricing of transactions between related companies from different countries and can also apply to certain Canadian companies with no more than a taxable presence in other countries. These companies must ensure that taxable profit in each country is the same as if they were independent.
At HSM, we offer assistance with tax return preparation for both personal and corporate taxes, along with guidance on fundamental tax planning and transaction/operation structuring. Our team of expert advisors, combined with our extensive experience in taxation, enables us to tailor our approach to meet your specific needs and provide top-notch service that gives you a financial advantage.
You can rely on us to provide the necessary resources to help you make informed decisions for your business. Book an appointment with us today at 905 470 7090 to start taking advantage of our services.
