Nancy Zheng
Nancy Zheng
Nancy is a Senior Tax Manager at MCA Cross Border Advisors Inc.
Nancy has reviewed and prepared corporate, partnership, limited partnership, individual, foundation and trust tax returns. She has also managed cross border tax preparation including coordinating with US tax specialists; assisted clients with US returns including 1040NRs, Form 8840 & FBAR; and assisted ultra-high net-worth families on various tax projects & planning opportunities.
Before joining the team at MCA Cross Border Advisors Inc., Nancy worked at a single-family office for one of Canada’s wealthiest families as a Tax Accountant, as well as a Corporate Tax Specialist at a boutique multi-family office within one of Canada’s largest financial institutions, where she worked closely with corporate and ultra-high net-worth families.
Nancy is a Chartered Professional Accountant (CPA), and has completed the Canadian Institute of Chartered Accountants’ (CICA) in-depth tax course, and the Canadian Security Course (CSC). She also has two honours Bachelor of Commerce (B. Comm.) degrees from the University of Ottawa, with specializations in Finance and Accounting.
Education
- Bachelor of Commerce (B. Comm.) in Accounting, Honours, University of Ottawa, 2010
- Bachelor of Commerce (B. Comm.) in Finance, Honours, University of Ottawa, 2007
Certifications & Memberships
- Chartered Professional Accountant (CPA)
- Certificate for CICA In-Depth Tax Course(Levels 1-3)
Recent Articles, Media Interviews & blogs by Nancy
Tax implications for Americans who move to Canada with US property and rent it out as Canadian Residents
Are you moving from the U.S. to Canada and planning to keep your U.S. rental property? Discover the tax implications, including filing requirements, foreign tax credits, cost basis adjustments, and depreciation rules. Learn how to avoid double taxation and consult a cross-border tax expert for personalized advice.
Selling Canadian Real Estate as a Non-Resident of Canada
Explore essential tax strategies for selling Canadian real estate as a non-resident, including options to minimize capital gains and navigate compliance requirements. Learn how choosing between maintaining the original cost basis or triggering a tax event can impact your financial planning, ensuring informed decisions for your cross-border property transactions.
Renting out Your Property as a Non-Resident of Canada
Predicting the housing market is already challenging due to interest rate fluctuations and other factors. Throw non-residency into the mix, and for someone departing Canada, it becomes a complicated decision whether to maintain one’s principal residence or to rent it out as a non-resident owner.
If you decide to maintain your property when you leave Canada, and then rent it out as a non-resident, you may be interested to learn about the tax compliance involved for non-resident owners, and what tax planning options are available.
CROSS BORDER PROFESSIONALS
Raeline Moreau
Client Services & Operations Coordinator
Casper Wong
Manager, Cross Border Tax
Ye Zhou
Cross Border Tax Associate
Nakeita McKnight-Monrose
Client Services & Administration Specialist
