Our relationship with Canada can be compared to that of Kinfolk. Whether it’s two brothers, two sisters, or one of each, we know each other in a way no one else ever will. The older sibling is America, with a birthdate of 1776, while Canada was officially established in 1867. 
The funny thing is that we both share the same “birthday” of July 1st. And if you haven’t been to Canada, you might be surprised to find out they celebrate it, too. While America calls it the 4th of July, our “sibling country” prefers to call it Canada Day. And they also like to celebrate with fireworks!
Like all siblings, we don’t always get along. There are times when there are disagreements, like the recent “tariff tiffs.” Eventually, the arguments will work themselves out. Because really, where are we going to go? We still share a border. We move products and people across that border every day. That’s not going to change. In the end, America and Canada have more in common than not. And we are stronger when we work together.
We’ve Learned How to Share our Things and Do Better
Yes, the U.S. and Canada are used to sharing things. Our birthday month and day, our beautiful Northern Coast, and the same English language (with a few differences). We also share a standard political and tax system. So, when there’s a need for expat tax return prep for Canadian citizens, they can find a top CPA right here in the Bay Area to manage it. Our accounting team is well-versed in the Canadian tax code and ready to help make a smooth transition between the countries. We can help coordinate international and multi-state taxes for Canadians, too. Because many times, a Canadian business owner might have assets in several different places.
Citizens from the United States and Canada can also share the same San Francisco CPA. A professional accountant will know how to handle the similarities and differences in each country’s tax returns. For example, Canada’s federal income tax rate is 33%, while America’s is four percentage points higher at 37%. However, the provincial tax rate in Canada can be more significant than American state taxes. This is why it’s generally known that Canadians pay more in taxes. Investopedia posted an article on this topic providing some interesting details:
Although expat tax return prep for Canadian citizens is a reality, what they pay in each country can depend upon many financial situations, such as what tax bracket an individual resides in. The higher the tax bracket, normally, the more complex the tax return process. If you know an expat Canadian living in the Bay Area who needs help with taxes, send them our way!
