Cross-border Tax Specialists, Safe Harbor Releases Tips on Canada / USA Residency Issues and International Tax

Filed in CPA Blog by on February 5, 2015
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Safe Harbor LLP, a cross-border tax specialist service with a strong focus on United States residency issues for Canadian citizens, is proud to announce that it has issued an easy-to-understand bulletin on cross-border residency issues for Canadian citizens.

“Many Canadian citizens end up moving to the high-tech San Francisco Bay Area” explained Chun Wong, CPA, managing partner at safe Harbor LLP. “As a top-rated international tax CPA firm, we get many inquiries on cross-border tax issues, especially for Canadian citizens. Therefore, we have issues an easy-to-understand bulletin.”

To read the bulletin on cross-border tax issues for Canadian citizens, please visit https://www.safeharborcpa.com/?p=3689. To reach out for a consultation with a cross-border tax specialist, simply click on the ‘contact us’ link located at the top of the tip bulletin.

Cross-Border Specialists and Canadian Residency Issues

Not surprisingly, both the United States and Canada would like to heavily tax their residents for income earned not only in the country of residence but abroad. With Canada’s high tax rates, it is very important for Canadian residents who are moving into the United States to take steps to mitigate their tax burdens.Cross Border Tax Specialist Among the strategies are to strategically choose residency for tax purposes. Each government has a unique set of rules and regulations that determine residency, as well as the tax implications of what income is earned where and how. In some cases, it is not advantageous to fill out official voluntary forms about residency, but rather to wait until an actual audit or inquiry is requested. Using a cross-border specialist such as Safe Harbor LLP is advantageous, as a cross-border specialist can give advice as to what to do, and what not to do, to claim residency in the most efficacious manner.

With connections between the United States and Canada growing closer every day, more and more Canadian citizens are spending extended periods of time working in the United States. And a growing number are also moving, permanently, into the United States. In all cases, mitigating the tax bite of dual residency issues is a top priority.

About Safe Harbor LLP – a Professional CPA Firm in San Francisco

Safe Harbor LLP is a CPA firm that specializes in accounting and tax services for individuals and businesses throughout the San Francisco Bay Area and greater California. Safe Harbor CPAs helps both individuals and businesses with tax preparation, IRS audit defense, and audited financial statements. The firm prides itself on friendly yet professional service and utilizes state-of-the-art Internet technology to provide quality customer service.

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Tel. 415.742.4249

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