Yes—you can hire a Canadian CPA and a U.S. CPA instead of one cross-border accountant, provided they coordinate your residency dates, sales and withdrawal records.

When do you become a non-resident of Canada?

When you leave Canada to settle in another country, you usually become a non-resident of Canada for income tax purposes on the latest of: * the date you leave Canada * the date your spouse or common-law partner and dependants leave Canada * the date you become a resident of the country you settle in

Part of the year that you were a resident of Canada

You have to report your world income (in Canadian dollars) for the part of the year that you were a resident of Canada.

Dispositions of property for emigrants of Canada

If you ceased to be a resident of Canada in the year, you were deemed to have disposed of certain types of property at their fair market value (FMV) when you left Canada and to have immediately reacquired them for the same amount. This is called a deemed disposition. This applies to most properties. Some exceptions are:

Reporting your properties

If the fair market value (FMV) of all of the properties that you owned when you left Canada was more than $25,000, complete Form T1161, List of Properties by an Emigrant of Canada, to list all of your properties inside and outside Canada and attach it to your 2025 return. Certain properties are excluded from this calculation and should not be included in the list.

Reporting the sale of your principal residence

Effective 2016 and later tax years, the CRA will only allow the principal residence exemption if you report the disposition and designation of your principal residence on your income tax and benefit return.

Tax implications for non-resident TFSA holders

A Tax-free Savings Account (TFSA) holder who becomes a non-resident of Canada may continue to hold their TFSA.

Tax implications for non-resident TFSA holders

As a non-resident, you may withdraw funds from your TFSA without being taxed in Canada. However, you cannot re-contribute any amounts tax-free until you become a resident again.

For non-residents of Canada, withholding is 25% unless reduced by a treaty.

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Registered retirement savings plan (RRSP) income refers to money you withdraw from or receive out of an RRSP.

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An eligible individual who did not previously make an election under Article XVIII(7) of the Convention to defer current U.S. income taxation on the undistributed income of a Canadian retirement plan will be treated as having made the election in the first year in which the individual would have been entitled to elect the benefits under Article XVIII(7) with respect to the plan.

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Distributions received by any beneficiary or annuitant from a Canadian retirement plan, including the portion thereof that constitutes income that has accrued in the plan and has not previously been taxed in the United States, must be included in gross income by the beneficiary or annuitant in the manner provided under section 72, subject to any applicable provision of the Convention.

Residency starting date under the substantial presence test

If you meet the substantial presence test for a calendar year, your residency starting date is generally the first day you are present in the United States during that calendar year.

Income subject to tax

For the part of the year you are a U.S. resident, you are taxed on income from all sources. Income from sources outside the United States is taxable if you receive it while you are a resident. For the part of the year you are a nonresident, you are taxed on income from U.S. sources only.

Their worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where they live or where they earn their income.

Who must file

The aggregate value of those foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

Exception for Partial Tax Years of Specified Individuals

If you are a specified individual for less than the entire tax year, the reporting period is the part of the year that you are a specified individual.

Allocation of long-term capital gains

For intangible personal property such as stock or bonds, gains are allocated to Washington if the individual is domiciled in Washington at the time the sale or exchange occurred.

Disposition or proposed disposition

The non-resident vendor must notify the CRA about the disposition (notification is required within 10 days of the date the property was disposed of) or proposed disposition by completing the applicable notification forms below and sending them to the CRA along with the required information.

Filing your income tax return

Your tax return has to be filed on or before: April 30 of the year after the tax year. June 15 of the year after the tax year, if you or your spouse or common-law partner carried on a business in Canada (other than a business whose expenditures are mainly in connection with a tax shelter).

Resident at end of year

You must file Form 1040, U.S. Individual Income Tax Return, if you are a dual-status taxpayer. Write "Dual-Status Return" across the top of the return. Attach a statement to your return to show the income for the part of the year you are a nonresident.

Certified Public Accountants (CPAs)

Any CPA who is not currently under suspension or disbarment from practice before the IRS and who is duly qualified to practice as a CPA in any U.S. state, possession, territory, commonwealth, or the District of Columbia may practice before the IRS.

If you paid or accrued foreign taxes to a foreign country or U.S. possession and are subject to U.S. tax on the same income, you may be able to take a credit for those taxes.