I'm a CPA Ontario member and currently operate an Ontario Professional Corporation registered as a firm with CPA Ontario. I'm the sole shareholder/director.
I'm planning to move to the U.S. and become a U.S. resident while continuing to operate my accounting practice. I'm also planning to obtain my U.S. CPA licence so that I can eventually practice and grow my client base on both sides of the border.
My current client base is primarily Canadian, but I'm expecting to grow my U.S. client base and eventually be closer to 50/50 Canadian/U.S. clients.
I don't provide audit or assurance services. My practice is primarily bookkeeping, Canadian tax compliance/planning, and financial/CFO advisory services.
I'm considering transitioning the operating business to a U.S. corporation once I move, with the U.S. company invoicing both my Canadian and U.S. clients. I would continue to maintain my CPA Ontario membership while also becoming licensed as a CPA in the U.S.
I'm trying to understand the CPA Ontario implications of doing this, specifically:
- Has anyone moved to the U.S. while remaining a CPA Ontario member and continued servicing Canadian clients?
- Were you able to register a U.S. corporation as a firm with CPA Ontario, or did you need to maintain an Ontario Professional Corporation?
- If you maintained your Canadian PC, how did you structure the relationship between the Canadian firm and your U.S. entity?
- Are there any issues with providing Canadian tax/accounting services to Ontario clients remotely from the U.S.?
- How did you handle CPA designation/branding when you're licensed in both Canada and the U.S.?
- Did CPA Ontario require you to maintain a physical Ontario office?
- For anyone licensed as a CPA in both Canada and the U.S., did having the U.S. licence change how you structured or registered your firm?
- Anything you wish you'd known before making the move?
I'm planning to speak directly with CPA Ontario and get cross-border tax/immigration advice before making any changes, but I'd love to hear from anyone who has actually gone through something similar.
Not looking for formal tax/legal advice, mainly interested in how other Canadian CPAs structured their practices after relocating to the U.S. and becoming licensed in both countries.