JPS Accounting Services Inc.

Call Directions Website Contact the business

JPS Accounting Services Inc. We specialize in cross border tax and are
licensed in both the US and Canada. Each situation and client is unique.

We specialize in servicing US and dual citizen clients with their US and Canadian tax needs. Compliance with Canadian or US tax rules by themselves can be difficult but having to report both together and be sensitive to how they interact and effect the end goals can be an overwhelming nightmare for many - we are here to help. We tailor our services to fit each client, be they a business owner, executive, or an independent professional. We are reliable and experienced, and our goal is to define ourselves through superior service to our clients. Both Jim and Pat are Licensed in the Province of British Columbia and the State of Washington. Our firm is one of the leading firms in the area. By combining our expertise, experience, and the energy of our staff, each client receives close personal and professional attention.

10/25/2026
Know your rights - give us a call. 📞 (604) 422-8211 | ✉️ info@jpsaccounting.com
10/23/2026

Know your rights - give us a call.
📞 (604) 422-8211 | ✉️ [email protected]

How the Canada-U.S. Tax Treaty Affects Real Estate TransactionsThe Canada-U.S. tax treaty is a powerful shield against d...
10/22/2026

How the Canada-U.S. Tax Treaty Affects Real Estate Transactions

The Canada-U.S. tax treaty is a powerful shield against double taxation for individuals involved in cross-border real estate. The treaty determines which country can tax different kinds of income and how foreign tax credits apply. For example, rental income from U.S. real property is primarily taxable in the U.S., but the Canadian resident can claim a foreign tax credit for U.S. tax paid, reducing the Canadian tax liability.

The treaty also sets the framework for capital gain taxation upon sale and provides partial relief from U.S. estate tax for Canadian residents. Key provisions streamline claims for tax credits and clarify when withholding tax applies (like under FIRPTA for property sales). Understanding the treaty’s operation is essential for effective tax planning and compliance on your Canadian or U.S. tax return.

https://www.jpsaccountingservices.com/blog.php?id=13

If you need more help, give us a call. 🗓️ 📞 (604) 422-8211 | ✉️ info@jpsaccounting.com
10/21/2026

If you need more help, give us a call. 🗓️ 📞 (604) 422-8211 | ✉️ [email protected]

Avoiding Common Tax Pitfalls: Capital Gain, Rental Income, and Income Tax ImplicationsThree main pitfalls await unwary c...
10/20/2026

Avoiding Common Tax Pitfalls: Capital Gain, Rental Income, and Income Tax Implications

Three main pitfalls await unwary cross-border investors: not reporting rental income on both sides of the border, not understanding the difference in reporting on both sides and its effect on tax and failing to coordinate income tax filings. Canadian residents with U.S. real estate must report their share of rental profits each year to both the IRS and CRA, with tax credits applied to avoid double taxation. When selling, the difference between cost and sales price is taxed as a capital gain in both countries, but credits and treaty rules help here, too.

Overlooking even simple compliance steps (like failing to file IRS Form 1040NR or the Canadian T1135) can lead to hefty fines. Ongoing tax planning solutions should include regular record reviews, confirming eligible deductions, and ensuring proper conversion and reporting of cross-currency transactions.

https://www.jpsaccountingservices.com/blog.php?id=13

For even more tips and reminders, contact JPS Accounting at (604) 422-8211
10/16/2026

For even more tips and reminders, contact JPS Accounting at (604) 422-8211

Address

# 205/2248 Elgin Avenue
Port Coquitlam, BC
V3C2B2

Opening Hours

Monday 9:30am - 4:30pm
Tuesday 9:30am - 4:30pm
Wednesday 9:30am - 4:30pm
Thursday 9:30am - 4:30pm
Friday 9:30am - 3:30pm

Telephone

604-422-8211

Website

Alerts

Be the first to know and let us send you an email when JPS Accounting Services Inc. posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to JPS Accounting Services Inc.:

Shortcuts

Share

Category