International Tax
Accountant Toronto

Many of our clients who have abroad operations come to us for help to streamline their tax processes and simplify operations.

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GTA Accounting is a highly rated CPA Firm in Toronto

With over 200 5-star reviews on Google, GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".

Tax Accountant for Multinational Companies

Need a reliable tax accountant in Toronto to meet the needs of your multinational company? We’ve got you. GTA Accounting Professional Corporation offers just the right solutions to have a positive impact on your bottom line. We know that keeping up with your local taxes is never easy and global tax services present a whole new challenge. Many of our clients who have abroad operations come to us for help to streamline their tax processes and simplify operations. We’re always happy to ensure the business is compliant with abroad tax rules. Using our knowledge in accounting and taxation, we are able to come up with well-planned global tax solution giving businesses huge savings.

Expanding Your Business Outside Canada?

If you are a Canadian taxpayer looking to invest outside the country, we’ll offer you all the tax planning services you need. We can help you to minimize or eliminate double taxation by making good use of foreign tax credits that you qualify for. Our Chartered Professional Accountant will highlight the tax implications of conducting business using foreign currency. We can help you identify tax incentives and save more money in the process. If you are transacting with companies overseas, we can help you to prepare all the required documentation and ensure the pricing rules and taxation guidelines are met. Our Accountant can even assist you in preparing proper documentation to report foreign activities in order to simplify the taxation process.

Customized to Meet your needs

Our approach is to develop international tax solutions that are customized to suit your unique needs. Whether you have a domestic or foreign business, we can present proper tax strategies that positively impact your bottom-line. We integrate Canada and foreign tax analysis giving you the most value for your money. If you need to stay up to date with global tax developments, we will reach out to you in time to make the necessary changes and ensure you’re always in compliance. Should you need to make adjustments in your ongoing tax planning and preparation, we can offer you forward-looking strategies to save more. GTA Accounting Professional Corporation has a wealth of experience and expertise to address all your abroad tax needs.

Investing in the Canadian Market?

If you are a foreigner who is looking to invest in Canada, we will help you to make proper investment decisions that suit your personal or business goals. We have a Chartered Professional Accountant who can recommend the type of entity that’s right for your needs. We will even help you to prepare the right tax forms to simplify the reporting process. We can assist with property transfers or any other documentation that involves an international tax. If your business gives out dividends, we will ensure that it is distributed in a tax-efficient manner.

FTC (Foreign Tax Credits Or Deductions)

For all the taxes you paid in Canada, you can make a claim for foreign tax credit on your United States tax returns. If you are a green card holder or a U.S. citizen, you must file the 1040 form on yearly basis if you meet a certain income threshold. You may be subject to S.E. tax exemption if you reside in Canada and you are exempted by the Canadian U.S. social security agreement. You will have to file disclosure to this exemption with the 1040 Form.

Other than filing the 1040 Form every year, you may be subject to additional tax reporting. Additional tax reporting may apply if you are a beneficiary or if you own Canadian Mutual Funds. You are also subject to additional U.S. tax reporting if you own or are a beneficiary of Canadian RPPs, RESPs, RRSPs, and TFSAs.