Can I get just my Canada tax returns done with Greenback?
In short, yes. Greenback will refer you to a trusted and certified expat accountant in Canada who can file your Canada tax returns. Because we’ve had a long relationship with our Canada accountant who is familiar with US expat taxes, we do recommend having Greenback file US tax returns, and our trusted Canada accountant file your Canada tax returns to further streamline the process. However, if you need only your Canadian returns filed, we will gladly connect you to our partner.
How much do your Canada tax services cost?
Please contact us for a price quote.
What documents do I need to have ready to file my Canada tax return?
The documents required vary depending on the individual; however, the below documents are a good place to start the gathering process.
- Any US federal or state filings for the year
- Your T4 slips (Employment income) for the year(s) in question
- Employment insurance benefits (T4E)
- Interest, dividends, mutual funds (T3, T5, T5008)
- RRSP contribution receipts
- Calendar showing dates you were outside of Canada that year
- Bank interest received in Canada that year
- Any capital gain statements
- Any rental income and expenses
What is the process for filing both my US and Canada expat tax returns? Will I have to upload everything twice?
No! Your Greenback accountants will coordinate so that you don’t waste time uploading your documents twice. Both your US and your Canada accountants will have access to the same secure file, so you just need to upload your documents once to one place and then we do the rest.
What services do you offer for US expats living in Canada?
We can refer you to our Canada accountant to complete your Canada Tax Return or assist with your business returns. They also offer one-on-one consultations to discuss your specific tax situation.
When do my Canada expat taxes have to be filed?
Canada taxes are usually due by April 30th following the end of the tax year.
When is considered the end of a tax year in Canada?
The Canadian tax year is January 1 through December 31, which makes filing your US expat taxes easier because you do not need to pro-rate your income!
How do I qualify as an American expat?
The IRS has multiple tools in place to eliminate dual taxation, but you must qualify as an American expat to take advantage of some of them.
In order to qualify as an American expat for the Foreign Earned Income Exclusion, you must meet the following requirements:
- You must have foreign earned income.
- Your tax home must be in a foreign country.
- You must do one of the following:
- Pass the Bona Fide Residence Test – A US citizen who is a bona fide resident of foreign country or countries for an uninterrupted period that includes an entire tax year, basically meaning you live abroad with no intention of permanently returning to the USA;
- Pass the Physical Presence Test – A US citizen or a US resident alien who is physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months; or
- Be a US resident alien who is a citizen or national of a country with which the United States has an income tax treaty with a non-discrimination article in effect.