Cross Border Bank Accounts

If you need to open a cross border bank account there are now several options.  HSBC has branches all over the world making access to your funds easy. You can learn more about their services at HSBC's international banking site.

RBC (Royal Bank of Canada) also has several option available.  For Canadians just needing access to U.S. funds you can have a U.S. dollar checking or savings account through your Canadian branch.  You can then have a place to deposit U.S. funds if you are not wanting to exchange immediately and also when you travel in the U.S. you can access these funds through ATMs.  For more extensive U.S. banking RBC has RBC Centura in the United States.  Accounts opened in the U.S. through RBC Centura can be linked to your RBC account in Canada making online banking much easier. 

Crossborder Development Corporation

"The U.S. market offers a unique opportunity for growth for Canadian and foreign companies. But expanding into any foreign market has its complications and risks. That is why many of Canadas largest companies, and a number of international firms, have turned to Crossborder Development Corporation (CDC) for help. For over two decades, CDC has been helping companies successfully locate or expand in the U.S. CDCs complete package of services can make your venture into the U.S. marketplace a profitable one."

This is from a very interesting company located in Rouses Point, New York called Crossborder Development Corporation. Operated by Mark Barie and Mathew Boire, CDC offers immigration consulting and real estate brokerage services.  This packaged service offers Canadian companies what they need to cross the border and enter the U.S. market.   CDC is a licensed real estate broker providing traditional commercial real estate services including site selection, leasing, and sales.  In addition to real estate services, they can provide consulting on start-up financing and market research.  However, finding a location in the U.S. is of little use to a Canadian company if they are not able to secure proper immigration visas.  Recognizing this need, CDC packaged these services into one company.  What a dynamic and innovative approach to traditional real estate brokerage service.  CDC is able to provide immigration consulting, including obtaining work visas for company execs and employees, providing the ablility for a Canadian company to legally enter the U.S. market. Then Crossborder Development Corp is able to assist the Canadian company in finding a location to set-up and conduct their business in the U.S.

I believe many companies look to solution providers like CDC that are able to handle multiple issues.  A one-stop shopping approach.  I know when I was looking for crossborder accountants, I choose one who could prepare both my Canadian and U.S. tax returns.  This way, I am not having to juggle between two accountants and there is no confusion as to timing or missing items between the two returns.  This type of service has reduced my stress and helped to remove some of the concern of crossborder issues. Crossing the border is a significant and often complicated undertaking for a Canadian company.  Utililzing the services of a company like CDC can help in this process and possibly reduce some of the complications and risk.

Solutions to Your Multi-Country Problems

Taxes3_1  Your Source for Experts in Income Tax Preparation, Immigration, Real Estate, Investment and all manner of Cross Border Business and Personal Activities Advice and Information, Forms, Filing, Resources. Their Tax Preparers are Expert in all manner of Personal and Executive Trans-Border Problems.

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Be sure to sign up for Centa's email list. David Ingram answers questions emailed into him regarding many different cross border topics.  He then emails these Q&A's out to his email list.  I probably receive several a day and always enjoy reading them. I have learned a lot about cross border issues just from consistently reading these emails. I have even emailed him questions of my own and received answers that were very helpful. Spend some time browsing his site as there is a lot of information and you can probably find your question has already been answered.

Cross Border Properties

International Market Access Inc.

Usacdn_1 International Market Access Inc. (IMA) exists to help Canadian companies market and distribute profitably in the United States. Their objective is to help you overcome the "border barrier" by providing a low-cost, fully equipped, fully staffed extension of your Canadian office in the nearby United States. They can help you establish a foothold, then work with you as you "roll out" your product or service.

From their 20,000 sq. ft. facility in Bellingham, Washington, IMA provides more than 125 Canadian exporters with USA business identity, warehousing, distribution, order-processing and fulfillment services.

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CrossBorderProperties

Larson Gross p.l.l.c. CrossBorder Tax Specialists

Lgatopfinal_5   Larson Gross is a full service accounting firm providing comprehensive accounting, tax, and consulting services to individual and business clients throughout Northwest Washington and British Columbia. They have a specialized expertise in the area of U.S./Canada cross border services.  They can prepare both U.S. and Canadian tax returns and with locations in Bellingham, Blaine, and Lynden are easy to get to from most areas of Greater Vancouver.

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CrossBorderProperties




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