598 plain-English guides on cross-border, each one ending in what to do next.
Cross-border bookkeeping for a Canadian with US income runs $300 to $2,000/month depending on the number of entities, currencies, and reporting requirements in both countries.
Cross-BorderThe IRS charges nothing for the ITIN itself, but the W-7 preparation, CAA certification, and the required tax return add up to $1,000 to $3,000+ for most Canadians.
Cross-BorderA Canadian business creates US tax nexus when it earns income that is effectively connected with a US trade or business.
Cross-BorderCanada's corporate integration system is designed so that income earned through a CCPC is taxed at roughly the same rate as income earned personally.
Cross-BorderWhen a Canadian resident emigrates, Canada treats them as having sold most of their property at fair market value on the date of departure.
Cross-BorderA Canadian who is moving to the US should take several tax steps before departure to minimize the departure tax, preserve treaty benefits.
Cross-BorderA Canadian resident who owns a single-member US LLC faces potential double taxation.
Cross-BorderA US person with a Canadian RRSP faces a mismatch between how Canada and the US treat the account. Canada defers tax on RRSP contributions and growth.
Cross-BorderA Canadian resident who receives US Social Security benefits reports only 85% on the Canadian return. The treaty and ITA 110(1)(f) determine the actual.
Cross-BorderAlimony paid across the border is taxed differently in each country. Since 2019, US alimony is neither deductible nor taxable.
Cross-BorderA cross-border business must choose between an LLC, a corporation, and a branch. Each produces different tax consequences in Canada and the US.
Cross-BorderA share sale, asset sale, or earn-out each produce different tax results in Canada and the US. Treaty credits limit but do not eliminate double tax.
Cross-BorderA Canadian can deduct US charity donations only against US-source income. US persons face the same cap on gifts to Canadian charities under Article XXI.
Cross-BorderBoth Canada and the US tax cryptocurrency dispositions as capital events. Cross-border holders face additional reporting on foreign exchanges, FBAR.
Cross-BorderWhen spouses in a cross-border marriage separate and divide property, both countries may tax the transfers.
Cross-BorderThe US imposes estate tax on worldwide assets of US persons and on US-situs assets of non-residents. Canada taxes gains at death through deemed.
Cross-BorderWhen a person with assets in both Canada and the US dies, two countries can tax the same estate. Canada taxes deemed dispositions; the US taxes the estate.
Cross-BorderThe US imposes a gift tax on the donor. Canada and the US handle gifts in fundamentally different ways. Canada has no gift tax.
Cross-BorderMedical expenses paid in the US by a Canadian resident and healthcare costs paid in Canada by a US person are deductible in the taxpayer's country.
Cross-BorderOwning rental property across the Canada-US border creates filing obligations in both countries. Each country taxes the income and requires specific forms.
Cross-BorderOwning rental property in the other country creates filing obligations in both Canada and the US.
Cross-BorderWithdrawing from a retirement account in one country while living in the other triggers withholding, income inclusion, and a foreign tax credit.
Cross-BorderAn employee who relocates between Canada and the US while holding unvested stock options faces one of the more complex cross-border tax problems.
Cross-BorderEmployees who work in both Canada and the US, or who move between the two countries while holding unvested stock options or RSUs.