U.S. Tax Preparation

Are you an American Citizen living in Canada? Are you a Canadian citizen having income from the U.S.? Do you own investments in the U.S.? Did you win money in a Casino or a lottery in the U.S.? If yes, then you are required to file U.S. taxes.

Our team can help you with your U.S. tax needs. We will make sure that all your tax returns are filed on time and you are not subject to any kind of double taxation.

If you are an American citizen residing in Canada, you must file two returns each year, declaring your worldwide income on each: a Canadian return because you live in Canada, and a U.S. return because you are an American citizen.

 We take the worry out of tax compliance.
There are certain deductions and credits available due to tax treaties between Canada and the U.S. which will save you from double taxation. We can help you in preparing both the returns so that you will pay the least amount of taxes.

And if you’re getting notices from the IRS, we can help you resolve those as well.

Give you customized tax plan to help you save

Answer your questions promptly throughout the year

Prepare and file your return accurately and on time

The government of Canada requires tax residents of Canada to file income taxes by April 30th if there are any taxes owing on that date (June 15th if the taxpayer or their spouse is self-employed). Even if you are not owing taxes, it is still highly recommended to file your taxes on time to make sure you do not lose any tax benefits or credits.

At BG Accounting and Business Solutions, our Tax Professionals help thousands of individuals annually with their personal tax filings. At the beginning of the tax season, we provide our clients with a comprehensive income tax checklist so as to ensure all information required in the tax filing is done so, and that any available deductions are fully utilized.

We Specialize In Tax Returns For


Instant Tax Refund

Never wait for your tax refund.
Sit down with one of our tax experts to see if you qualify. The only fees you’ll pay are capped by the Federal Government of Canada. You will pay 15% on the first $300 of your refund and then 5% on the rest. Minimum refund amount may apply. So why wait for your refund? Get your Instant Refund on the spot.

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T1 Checklist

  • Please note any change in address
  • Please provide a list of dependents/children with their birth dates and income
  • Please notify us of a change in your marital status in 2018 and on what date the status changed
  • Please note whether you owned foreign property at any time in 2018 with a cost in excess of $100,000
  • Please note if you are a US citizen since it is likely you have US filing requirements
  • Documents related to the sale of any property, including your principle residence
  • T4 slip which reports employment income
  • T4A slip which reports other employment income and self-employed commissions
  • T4PS slip which reports benefits received from an Employee Profit Sharing Plan
  • A T2200 form signed by your employer if you are claiming employment expenses
  • A summary of employment expenses, including a vehicle log book
  • If you are an apprentice, a summary of tools purchased
  • Any stock option income not reported on a tax information slip
  • Professional/union dues receipts
  • T3 and T5 slips which report investment income
  • A summary of investment purchases and sales during the year
  • Details of the cost of investments sold during the year if it is not included in the investment sale summary
  • Details of interest paid to earn investment, property or business income
  • Details of investment management, accounting and safety deposit box fees
  • Details of investment income that was not reported on a T3 or T5 slip
  • Details of any investment properties such as real estate sold during the year
  • T4RSP and T4RIF slips which report withdrawals from RRSP’s and RRIF’s
  • T4A(P) slip which reports CPP income
  • T4A(OAS) slip which reports Old Age Security income
  • T4A slips reporting pension income
  • Details of other foreign pensions received (US Social Security, other overseas pension etc.)
  • Summary of rental revenue and expenses for the year
  • Details of capital purchases during the year (for example a building addition)
  • Summary of business revenue and expenses for the year
  • Details of capital equipment and property purchases during the year
  • Details of vehicle purchases during the year
  • Details of equipment, vehicle and real estate sales during the year
  • Summary of business use of vehicle (business km compared to total km), including a vehicle log book
  • Summary of business use of office in home
  • Summary of farm revenue and expenses for the year
  • Details of farm subsidies received
  • Details of capital equipment and property purchases during the year
  • Details of vehicle purchases during the year
  • Details of equipment, vehicle and real estate sales during the year
  • T4E slips which report benefits such as maternity, unemployment etc.
  • T4A slips which report scholarships etc.
  • RRSP contribution receipts
  • Details of any RRSP Home Buyers’ Plan or Lifelong Learning Plan withdrawals and repayments
  • T2202 slips from post-secondary education to report tuition fees paid for yourself or any of your dependents
  • T5013 slip that reports income earned from a partnership
  • Details of child care expenses
  • Details of spousal and child support received or paid during the year
  • Medical expense receipts
  • Details of any expenses paid in the process of adopting a child
  • Charitable donation receipts
  • Political donation receipts
  • Summary of moving expenses
  • If you were a first time home buyer please provide the address of the home
  • Interest paid on student loans that are registered under the Canada Student Loans Act
  • A completed T2201 form if you, your spouse or one of your dependents became disabled during the year

“Welcome to Canada”
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“Welcome to Canada”
New Immigrant Package

Are you a new immigrant? You may be eligible for quarter GST/HST credit payments and monthly Ontario Trillium Benefit payments.

If you have dependent children, you will also need to apply for the Canada Child Benefit.

In addition, Canadian taxation is based on Worldwide Income which means each Canadian resident must pay taxes on income earned anywhere in the world after they become residents of Canada.


What is the meaning of personal tax?

Individual income tax is also referred to as personal income tax. This type of income tax is levied on an individual’s wages, salaries, and other types of income.

Does everyone pay personal income tax?

Every resident of Canada is required to file a Canadian income tax return annually. Before filing your tax return, you must determine whether you are a resident, a “deemed” resident or a non-resident of Canada for tax purposes.

What happens if you don't pay personal income tax?

Failing to pay your taxes is not a crime, but failing to file your tax returns is because it’s considered tax evasion. And the penalties for tax evasion are harsh. According to Section 238 of the Income Tax Act, failing to file your tax return can result in a fine of $1,000 – $25,000 and up to one year in prison

What is the minimum salary to pay income tax in Canada?

The minimum personal amounts ($12,719 for 2022, $12,421 for 2021) are indexed. The maximum personal amounts are stated in the Income Tax Act, but will be indexed after 2023