Personal Compliance - Duncan MacPherson

Personal Compliance

U.S.

1. Preparation of Forms 1040, 1040NR and 706 NA

2. Assistance with the preparation of USA Form 5471/8868/8858

2.1. Coordinating the Canadian Capital Cost Allowance system with US ADS

2.2. GILTI tax minimization

2.3. Conversion of CAD$ financials to US$ – We have developed sophisticated templates for this

2.4. 962 Election Planning

3. Assistance in obtaining and maintaining the information necessary for US Partnership basis calculations. Book to tax differences, etc.

4. Assistance in preparation with Form 3520 and 3520-A for Canadian TFSA’s. (TFSA’s are the equivalent of ROTH IRA’s in the USA)

5. Creating tailored cross-border/international tax minimization strategies.

6. Prepare exit strategies for ceasing residency in Canada

6.1. Capital gains tax planning upon exiting Canada

6.2. Utilizing Treaty benefits to achieve step-basis in capital assets and principal residence

6.3. Retirement planning

Canada

1. Obtain a personal tax ID number

2. File Non-Resident Personal Tax returns

a. Rental income

b. Employment income

c. Capital gains (usually real property)

3. Recover “over-withholding”

4. Estate Planning and Probate

5. Creating tailored cross-border/international tax minimization strategies

Our Services

Corporate Compliance

Personal Compliance

Corporate Tax Strategies

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