US Tax Accounting Services in Toronto

US citizens, green card holders, and Canadians with American income face complex filing obligations with the IRS. Our US tax accounting services in Toronto handle Form 1040 and 1040-NR preparation, FBAR and FATCA reporting, state tax returns, foreign tax credit claims on Form 1116, and streamlined filing procedures for delinquent returns.

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Tax Return Filers PC Delivers Strategic Tax Solutions in Toronto

Clients trust our proven approach. Each financial situation receives a custom tax strategy supported by deep expertise and attention to detail. Our 100% five star ratings across verified reviews reflect consistent client satisfaction and on time filings.

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Why Hire a U.S. Tax Accountant in Toronto?

IRS requires worldwide income reporting from US citizens and green card holders regardless of where they live. Form 1040 filing, FBAR disclosures for accounts exceeding $10,000, FATCA reporting on Form 8938, and state tax obligations create compliance burdens that Canadian accountants rarely understand.

US Tax Accounting in Toronto demands expertise in both tax systems working together. Foreign tax credits on Form 1116 offset Canadian taxes paid. Treaty elections on Form 8833 reduce withholding rates. Streamlined filing procedures bring delinquent filers into compliance without harsh penalties.

Tax Return Filers prepares coordinated returns for CRA and IRS that prevent double taxation and satisfy both agencies. Toronto clients with US ties receive accurate cross-border filings, FBAR submissions through FinCEN, state return preparation, and strategic planning that minimizes combined tax across both countries.

Our Services in Mississauga

Our Mississauga team provides complete US tax accounting for individuals and businesses with American tax obligations. We handle IRS filings, FBAR reporting, state tax returns, and cross-border planning alongside your Canadian tax needs.

Personal Income Tax

T1 returns and CRA credits

Corporate Tax Returns

T2 filings and CCPC deductions

Real Estate Tax

Capital gains and HST rebates

GST/HST Returns

Input tax credits and remittances

Cross Border Taxes

Canada-US filings and treaty claims

Non-Resident Tax Filing

Part XIII and Section 216 elections

Departure Tax Return

Deemed disposition and T1161 filings

Certificate of Compliance

T2062 clearance for property sales

Bookkeeping

Transaction recording and reconciliations

Financial Statements

Balance sheets and income reports

Payroll Services

CPP, EI deductions and T4 filings

PC Law Accounting

Trust accounts and Law Society compliance

Audit & Assurance

Review engagements and compliance audits

Business Incorporation

Federal and provincial registrations

Estate Planning

Trusts, wills and T3 returns

U.S. Tax Accounting

Bookkeeping and IRS compliance

US Tax Return Preparation for Canadians in Toronto

Toronto residents earning US income from employment, investments, rental properties, or business operations must satisfy IRS filing requirements regardless of citizenship status. Our Toronto accounting firm delivers complete US tax return preparation including Form 1040-NR for non-resident filers, Form 1040 for US citizens abroad, and applicable state tax returns.

Strategic tax planning reduces your US tax liability through Canada-US treaty benefit claims, foreign tax credit optimization on Form 1116, and proper income sourcing between jurisdictions. Our Toronto CPA prepare your US returns in coordination with Canadian T1 filings, ensuring consistent income reporting across both agencies and eliminating double taxation on the same earnings.

US Tax Filing for American Citizens and Green Card Holders in Toronto

US citizens and green card holders living in Canada must file annual tax returns with the IRS regardless of where they earn income. Our Toronto CPA prepare Form 1040, report worldwide income, and claim foreign tax credits that offset Canadian taxes paid.

We handle FBAR filings for foreign accounts exceeding $10,000 and FATCA reporting for specified foreign assets. Clients who missed prior filings receive support through IRS streamlined procedures to become compliant without facing harsh penalties.

Foreign Tax Credit Claims for US Filers

Foreign tax credits prevent US filers from paying tax twice on the same income earned in Canada. Our Toronto CPA prepare IRS Form 1116 to claim credits for Canadian taxes paid on employment income, investment earnings, and business profits. We calculate eligible credits accurately and coordinate claims with your Canadian T1 return to maximize tax savings across both countries.

US Business Tax Returns for Toronto Owners

Canadian business owners with US operations, subsidiaries, or income sources face complex IRS filing requirements. Our Toronto accountants prepare Form 1120 for US corporations, Form 1120-F for foreign corporations with US activities, and Form 5472 for reporting foreign ownership transactions. We coordinate US business filings with your Canadian corporate returns to ensure compliance in both countries and minimize combined tax liability.

Why Choose Tax Return Filers?

Our team combines advanced academic credentials with decades of practical experience to deliver exceptional tax solutions tailored to your needs.

CRA-Compliant Experts

Our team includes CPA, ACCA, CFA, and CFP qualified professionals with specializations in cross-border, corporate, and personal taxation.

CRA Audit Defense

Successfully handled numerous CRA audits with expertise in Foreign Tax Credits, Section 216/116, and complex tax matters.

Strategic Tax Planning

We don’t just file returns, we develop proactive strategies to minimize your tax burden and maximize your financial outcomes.

Trusted Nationwide

With offices in the Greater Toronto Area and Calgary, we provide expert tax services to clients across Canada confidently.

Our Toronto Office

Our CPA firm is located in Toronto and serves clients across the Greater Toronto Area. We provide in-person meetings at our office and virtual consultations.

Address

19 Woodbine Downs Blvd #204, Toronto, ON M9W 6N5, Canada

Phone

+1 647 483 1727

support@taxreturnfilers.com

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Customers Reviews

      EXCELLENT  
   Based on 39 reviews 
    
 
 
 
   
 
 
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   A M 
 
 
 
 Trustindex verifies that the original source of the review is Google. As a non-resident selling property in Canada, the process seemed daunting. Tax Return Filers Ltd. made it incredibly smooth and straightforward. From start to finish, their team was professional, responsive, and highly knowledgeable. I specifically worked with Waqar Naqvi, who was exceptional. He guided me through every single step of obtaining the Certificate of Compliance, clearly explaining the requirements and keeping me informed throughout. His expertise was evident, and he patiently answered all my questions, making a complex process feel manageable. Thanks to Waqar and the team, my filing was handled efficiently and without any issues. I highly recommend Tax Return Filers Ltd. to any non-resident needing tax services for a Canadian property sale. They are true experts you can trust
  
 
      Posted on Google  
   
   umer wattoo 
 
 
 
 Trustindex verifies that the original source of the review is Google. Professional service that takes out all the headaches! Great simplistic review of tax filings. I highly recommend
  
 
      Posted on Google  
   
   Satyan Kochhar 
 
 
 
 Trustindex verifies that the original source of the review is Google. Waqar provided exemplary accounting support with a high level of technical expertise along with Omar. They demonstrated thorough knowledge of tax regulations, maintained clear and timely communication, and ensured that all processes were executed efficiently and accurately. I appreciate their meticulous attention to detail and professional approach, and I would confidently recommend their services.
  
 
      Posted on Google  
   
   Orkids Renuka Abbasi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service! Shoutout to Mr. Waqar Naqvi! Knowledgeable, thorough, and always responsive. Under his expert supervision and guidance, Omar made the process smooth and stress-free. Highly recommend!
  
 
      Posted on Google  
   
   Ryan Sloan 
 
 
 
 Trustindex verifies that the original source of the review is Google. Look no further for your non resident and departure tax needs if you are becoming a non resident of Canada for tax purposes. These are the experts in the subject and will ensure you have a smooth transition from Canada. They help every step of the way and provide accurate counsel on all matters. Highly recommend
  
 
      Posted on Google  
   
   Harman Singh 
 
 
 
 Trustindex verifies that the original source of the review is Google. I recently had the pleasure of working with Waqar, my accountant, and I can't say enough good things about his services. From the very beginning, it was clear that he values professionalism and has a deep understanding of accounting principles. His communication skills are outstanding. Waqar always takes the time to explain complex financial concepts in a way that is easy to understand, which has been incredibly helpful for me. Whether it’s through emails or phone calls, he is always responsive and makes it a point to address any questions I have promptly. I never felt like I was in the dark about my finances, which is a huge relief. One of the aspects I appreciate most about Waqar is his punctuality. He consistently meets deadlines, whether it’s for filing taxes or preparing financial reports. I’ve had experiences in the past where accountants would delay tasks, but Waqar has always delivered on time without compromising quality. Overall, I highly recommend Waqar for any accounting needs. His combination of expertise, clear communication, and reliability sets him apart from others in the field.
  
 
      Posted on Google  
   
   M R D S 
 
 
 
 Trustindex verifies that the original source of the review is Google. Waqar Naqvi has prepared and filed my Personal Income Tax Returns since 2021. As a self-employed worker, tax season is a stressful time. However, Waqar's knowledge and expertise make the process much smoother and relaxed. I really appreciate Waqar's consistent patience and responsiveness to my detailed questions and concerns. Given my future aspirations of working abroad, having reliable, trustworthy, affordable, and highly skilled cross-border accounting services is very important to me. Therefore, I highly recommend Waqar Naqvi and Tax Return Filers, and look forward to their continued services.
  
 
      Posted on Google  
   
   Syed Abbas 
 
 
 
 Trustindex verifies that the original source of the review is Google. great people to work with!
  
 
      Posted on Google  
   
   Sana Zahid 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have had the pleasure of working with Waqar for over 5 years for my personal and business taxes as well as tax planning. Waqar is a true professional, he is extremely knowledgeable in his field and always gives the best advice in the complex of scenarios. Waqar's patience and professionalism is highly impressive. He is very responsive and communicates really well. It is hard to find tax professionals who look at the big picture, I find that Waqar, always looks at my entire financial picture and gives tax advice which is the most appropriate for my situation. Tax time is stressful enough and working with Waqar has made this process a lot easier. I would highly recommend Waqar and his team to anyone looking for a great tax partner.

Meet Our Tax Professionals

Our team is led by Narinder Singh, CPA, and includes CFA, CFP, and ACCA qualified professionals. We track every tax law change to provide accurate guidance for individuals and businesses.

Waqar Naqvi, Ph.D., MFin, CFA®, CFP®

Director of Tax Strategy

Narinder Singh, CPA, CGA

Head of Tax Planning, Corporate Structuring, and Corporate Taxes (T2)

Mukarram Ali, MSA

Senior Tax Manager at Tax Return Filers

Got Any Questions?

Yes. US citizens and green card holders must file annual tax returns with the IRS regardless of where they live or earn income. Our Toronto CPAs prepare Form 1040 and report your worldwide income while claiming foreign tax credits for Canadian taxes paid.

FBAR is the Foreign Bank Account Report required for US persons with foreign accounts exceeding $10,000 at any point during the year. Our US tax accounting team prepares FinCEN Form 114 and ensures accurate reporting of all Canadian bank and investment accounts.

The Canada-US tax treaty and foreign tax credits prevent double taxation on the same income. Our Toronto accountants claim credits on Form 1116 for Canadian taxes paid and apply treaty provisions that reduce or eliminate US tax on specific income types.

Individuals without a Social Security Number require an Individual Taxpayer Identification Number to file US returns. Our Toronto accounting firm handles ITIN applications alongside your tax return preparation.

Yes. Canadians earning rental income from US property must file Form 1040-NR and report income on Schedule E. Our CPAs prepare US returns, claim eligible deductions, and coordinate with your Canadian filings to prevent double taxation.

US citizens and residents abroad receive an automatic extension until June 15, with further extension available until October 15. FBAR filings are due April 15 with automatic extension to October 15. Our team tracks all deadlines and files returns on time.

Yes. US citizens and green card holders file Form 1040 annually reporting worldwide income regardless of where they reside. Failure to file triggers IRS penalties and potential passport revocation. Our Toronto US tax accountants prepare IRS returns coordinated with your Canadian T1 filing.

Book a Free Meeting with Our Tax Experts

Take the first step toward better tax planning with a free consultation. Our team is ready to review your situation and provide clear guidance. Book a time slot directly on our calendar and we will connect with you shortly.