Cross-Border Tax Services

Dimov Tax presents custom-cut strategies to aid taxpayers in establishing compliance with surrounding tax regulations.

1. Canada Tax Return and U.S. Filing for Expats

U.S. citizens as well as green card holders living in Canada should fulfill tax return requirements in both countries. We present assistance with:

• Canada tax return preparation and optimizing foreign tax credits.
• U.S. expat tax filing in order to establish compliance with IRS requirements.
• Tax treaty benefits to avoid double taxation and reduce surrounding liabilities.

2. Tax Planning for Cross-Border Businesses

Companies operating in both Canada and the U.S. require a smart tax-efficient structure to optimize liabilities. In this concept, we present:

• Guidance on determining the entity type in order to reduce tax exposure.
• Tax-efficient structuring to establish fully compliant status in both jurisdictions.
• Withholding tax compliance for transactions between Canadian and U.S. entities.

3. Double Taxation Prevention Strategies

Tax treaties between Canada and the U.S. present options for tax credits and exemptions. Dimov Tax provides aid in:

• Proper foreign tax credit claims.
• Treaty-based exemptions for eligible taxpayers.
• Lowering unnecessary withholdings on investment and pension income.

4. Cross-Border Real Estate Tax Services

Real estate investments across borders require complicated taxation requirements. We assist with:

• Rental income tax compliance to prevent surprise taxation implications.
• Capital gains tax reporting for property sales in both countries.
• Withholding tax solutions for property transactions.

5. Compliance and Reporting for High-Net-Worth Individuals

Individuals with cross-border assets should secure a fully compliant status to prevent penalty fees. Our services include:

• Foreign bank account reporting (FBAR and CRA requirements).
• Tax strategies for Passive Foreign Investment Companies (PFICs).
• Cross-border wealth management and estate planning.