We'll Help Navigate Your U.S. Cross Border Taxes
Whether you're a Canadian resident with US income, a US citizen living in Canada, or a business with cross-border operations, we file the returns and keep you compliant on both sides.
Cross-border challenges you might be facing as a business or individual
MyBookly is a US and Canadian tax accounting firm. We help our clients navigate the complexities of cross-border filings.
Top challenges:
- ×Filing US and Canadian returns
- ×Double taxation on the same income
- ×FBAR and FATCA disclosure requirements
- ×Foreign tax credits filed correctly
- ×State-level filings for US-source income
How we can help solve your US tax challenges
MyBookly's cross-border team has decades of combined experience with the IRS and CRA. We'll make sure your filings are accurate and optimized.
How we help:
- ✓1040, 1040NR, and Canadian T1 returns filed together
- ✓Streamlined Filing Compliance for US citizens abroad
- ✓Foreign tax credit optimization to eliminate double tax
- ✓Corporate cross-border filings (Form 5471, T1134, etc.)
- ✓Ongoing US-Canada tax planning throughout the year
"The last thing you want is to be taxed in both the USA and Canada. We can ensure this doesn't happen."
How we compare with other firms.
Below you'll see how a specialist cross-border firm compares to a generalist accountant.
- ✓Licensed to file both US and Canadian returns
- ✓Streamlined Filing Compliance experience
- ✓Foreign tax credit optimization on every return
- ✓Ongoing planning, not just annual filing
- ×Only file Canadian returns, refer you elsewhere for US
- ×Miss Streamlined Filing eligibility
- ×Do not optimize foreign tax credits
- ×One-off filings with no cross-border planning
Our step-by-step process.
How we'll help you with your tax needs.
Free consultation
We'll learn your residency, income sources, and any prior filings on both sides of the border.
Document gathering
We collect T-slips, W-2s, 1099s, K-1s, and any prior returns. Nothing gets missed.
File on both sides
We file your Canadian and US returns together so credits and treaty positions line up.
Ongoing planning
We plan quarterly for RRSP, IRA, capital gains, and cross-border compensation.
"We'll handle your currency conversions, foreign tax credits, deductions, and all other US tax complexities."
Questions you may have about our tax services
Who needs to file a US tax return?
US citizens and green card holders must file regardless of where they live. Canadian residents with US-source income may also need to file a 1040NR.
What is Streamlined Filing?
It's an IRS program that lets US citizens abroad catch up on unfiled returns without full penalties, if the non-filing was non-willful.
Can you handle state filings?
Yes. We handle state returns for California, New York, Florida, and every state we've encountered in practice.
Do you file for US corporations owned by Canadians?
Yes, including Form 5471 for Canadian owners of US corps and T1134 for Canadian owners of foreign affiliates.
Bookkeeping doesn't need to feel overwhelming. We'll take it off your plate.
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