It’s no surprise social media thrives on drama and misunderstandings. In today’s political climate, people get mad over things no one even cared about in the past. Like what flag flies at your house, what kind of car you drive, or what type of business you work with.
And sometimes, relationships get strained over these differences. But generally, most people just brush off the chatter and focus on what keeps them together. Because good friendships rise above petty squabbles. And strong relationships are resilient enough to handle a few disturbances throughout the years.
Right now, it might seem like Canada and America are at odds over certain issues, but we continue to have more in common than not. We share a border and have similar values, and that’s not going to change. Canada has many positive things to say about our relationship. Canada considers us “steadfast allies” with common interests in energy, the environment, trade, and investments. There may come a time when our countries will have to rely on each other during a global crisis. And that relationship could be the “port” to get through a “storm” together.
Cross-Border Tax Return Preparation Brings Us Together
In the meantime, no differences have kept Canadians and Bay Area residents from staying connected. Many Canadian citizens live and work in our bustling Bay Area and go back and forth between countries. The Maple Business Council notes that Canada is the 6th largest investing nation in California. In fact, Canada is considered #1 in direct foreign investments for Southern California. And around 1462 Canadian-owned businesses employ around 51,000 Californians. In the Bay Area, we have about 134,000 Canadians living and working here. Opportunity seems to be a great way to solve disagreements!
Another thing both Canadians and Americans share is the obligation to remain compliant in both countries and pay their taxes. No amount of social media drama is going to change that! And if a Canadian needs to pay taxes in America or both countries, we can help. Our CPA team can coordinate Canadian tax liability with U.S. liability to ensure a smoother tax season. We can also manage state and local tax obligations for personal or business; our true value add is often in international tax issues. Our Bay Area accounting team is skilled in managing American tax returns for foreign nationals and expatriates. In the area of cross-border tax return preparation it’s clear citizens from both countries can come together. No one is interested in receiving a notice from the IRS or the CRA!
