Cross-border tax resources
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FAQ
Yes. U.S. citizens and green card holders file a U.S. return every year, wherever they live, even when no U.S. tax is owed. You also file a Canadian return as a resident of Canada.
Usually not. The Canada–U.S. tax treaty and foreign tax credits are designed to prevent it, but only when both returns are prepared together so the credits line up.
An FBAR reports your non-U.S. financial accounts to the U.S. Treasury. You need one if the combined value of your foreign accounts exceeded US$10,000 at any time during the year.
You're not alone. If the missed filings weren't willful, the IRS Streamlined Foreign Offshore Procedures let you catch up, generally with no penalties.
We're based in Calgary and work virtually with clients across Alberta, the rest of Canada and the U.S.
