U.S. citizens living or working outside of the U.S. are still required to file a U.S. tax return. In addition to the U.S. tax return there is likely a requirement to file in the country of residency.
There are advantages to preparing your U.S. and a Canadian return at the same time and this is our preferred arrangement. Preparing the returns at the same time ensures proper tax treatment of all items and helps to minimize overall tax by ensuring all available foreign tax credits and exemptions are utilized. We can also work with your existing advisor to ensure everything is filed correctly.
Bateman Graham & Fitzpatrick Chartered Accountants are here to help!
Contact us with any comments or questions and we’ll get back to you as soon as we can! We look forward to hearing from you.