Tax Services for Individuals
Personal tax compliance and planning are critical services required by our clients, which shapes many strategic decisions for individuals and business owners alike. Our goal is to provide accurate, timely information to address compliance requirements, and to offer the peace of mind that current and future tax burdens are minimized.
We have a robust Canadian personal tax practice, offering compliance services for taxpayers with various complexities in their personal tax situation.
Services provided to our clients include:
- Federal and Quebec tax preparation services
- Reporting for rental and self-employment businesses
- Compliance with foreign reporting requirements and foreign tax credit claims
- Assistance with HST/QST filings and elections
- Tax minimization and investment optimization strategies
- Projection of tax burden for RRSP planning, cash flow planning and assessment of instalment requirements
- Response to CRA inquiries and all required follow-up and interactions, including appeals and objections
- Compilation of requests for taxpayer relief
- Voluntary disclosure submissions for late forms or corrections to previous filings
- Analysis related to estate planning objectives and related strategies
- Consulting regarding repatriation of foreign tax-sheltered funds to Canada
- Cross border planning for immigration to Canada and emigration from Canada
Taxpayers, with dual Canadian and American citizenships, are tasked with compliance in both countries. The same is also true for US green card holders, Canadian residents working in the US or individuals that own US real properties. In addition to reporting income, there can be extra reporting required for those with sufficient financial assets in one, or both, jurisdictions. Failure to file or report accurately can result in significant penalties and interest costs.
Services provided to our clients include:
- Preparation of US personal tax returns for US citizens living in Canada, including claims for foreign tax credits, foreign earned income exclusions and other disclosure required for foreign investments
- Preparation of US federal and state tax returns for US citizens and green card holders living and working in the US
- Preparation of US non-resident tax returns for Canadian residents owing real property in the US or earning US source employment income
- Cross-border planning for immigration to Canada
- Assistance with US amnesty filings for outstanding returns and filings, requesting waiver of penalties related to past non-compliance
What Our Customers Have to Say
“Ernst & Company CPA has been doing my U.S. taxes for 10 years. They are fast and efficient, and always willing to answer any questions I have. I have been happy to recommend them to friends.”
Who We Are
We've got this
Our experienced team is ready to provide you with professional and caring service to help you today.
Who We Are
We've got this
Our experienced team is ready to provide you with professional and caring service to help you today.
Who We Are
We've got this
Our experienced team is ready to provide you with professional and caring service to help you today.
