Search found 10 matches

by bizdriver
Wed Sep 17, 2014 2:37 pm
Forum: Canada / United States Tax & Accounting
Topic: running USA S corp from Canada?
Replies: 4
Views: 3434

is then an LLP/LLLP better or the same to CRA as an S-corp ?

JGCA, thanks for the thoughtful reply. Much appreciated. Here's 3 follow up questions and a couple additional points of information. 1- are you taking new clients? And does your firm file both Canadian and US returns? 2- CRA classification of income as foreign? I've since been told that net income t...
by bizdriver
Thu Sep 11, 2014 2:18 pm
Forum: Canada / United States Tax & Accounting
Topic: running USA S corp from Canada?
Replies: 4
Views: 3434

running USA S corp from Canada?

Would love it if someone (esp a crossborder CPA that needs a new client) could comment on the relative tax (in)efficiences of running a US S corporation as a US Citizen that is a permanent resident in Canada. I'm starting publishing firm, and need to decide if I will incorporate as a US S corporatio...
by bizdriver
Fri Mar 22, 2013 10:28 am
Forum: Canada / United States Tax & Accounting
Topic: Help Cdn Cit/Res fill out W-8BEN for non-withheld $USD
Replies: 1
Views: 1493

Help Cdn Cit/Res fill out W-8BEN for non-withheld $USD

What is the proper way for a Canadian Citizen & Resident to fill out the W-8BEN when traveling to US to receive "fee for service" payment for speaking or consulting? My wife is unincorporated, self employed, checks will just be in her name. She just got asked to fill out the W-8BEN. Th...
by bizdriver
Thu Mar 14, 2013 9:25 am
Forum: Canada / United States Tax & Accounting
Topic: Non resident US corporation ,Canadian Corporation Tax filing
Replies: 4
Views: 3839

Great and helpful string here. My situation is very similar: US Cit living in Canada as P.R. w Canadian wife. If I can do so without any incurring double taxes or tax inefficiencies at the hands of Canadian gov't, there are many good reasons for me to keep my US S corp running. The US IRS and my Sta...
by bizdriver
Mon Dec 10, 2012 12:32 pm
Forum: Canada / United States Tax & Accounting
Topic: To get my fee, should I fill out W-8, W-9 or US S corp form
Replies: 1
Views: 1455

To get my fee, should I fill out W-8, W-9 or US S corp form

Wow, how complex. Which one of these forms is the appropriate / legal / tax efficient one to send? I'm a Canadian citizen, moved back to Canada last year, after 12 years living/working in the US as a green card holder. I still have the green card (it hasn't been extended, expired, revoked etc). And ...
by bizdriver
Sat Nov 24, 2012 4:23 pm
Forum: Canada / United States Tax & Accounting
Topic: CDN Cap Gains Tax on sale of US Primary residence -->rent
Replies: 2
Views: 2064

Thanks for this thoughtful reply. I've read plenty of your other comments on this forum as well. Cheers! I'm confident about the US side of things. My CPA will no doubt recap the necessary rental depreciation (that won't amount to much) but I do know one is not disqualified from claiming the 2 in 5 ...
by bizdriver
Thu Nov 22, 2012 11:49 pm
Forum: Canada / United States Tax & Accounting
Topic: US Cit with S Corp now a PR in Canada? Keep S Corp?
Replies: 1
Views: 1625

US Cit with S Corp now a PR in Canada? Keep S Corp?

Would love any opinions on whether I Can / Should I keep my US S Corporation for my income, whether I should discontinue it and/or incorporate in Canada. I'm a US citizen, run my own S Corporation from 2005-to present. Moved to Canada last year with Canadian wife, and I'm now a Permanent residence, ...
by bizdriver
Thu Nov 22, 2012 11:18 pm
Forum: Canada / United States Tax & Accounting
Topic: US spouse in Danada/capital gains of primary residence
Replies: 7
Views: 5896

I just started a similar topic on Cap Gains tax owed to Canada on the sale of a former US Primary residence turned rental http://forums.serbinski.com/viewtopic.php?t=7063 I was told by my last years Canadian accountant that if the US house (rental) was in both names, you still have the option to rep...
by bizdriver
Thu Nov 22, 2012 11:01 pm
Forum: Canada / United States Tax & Accounting
Topic: Thank you! This forum is fantastic
Replies: 0
Views: 1646

Thank you! This forum is fantastic

I've been searching for exactly this kind of forum and accountant. I knew it was out there somewhere, but only now got a referral from another maple dipped Eagle here in Canada. Thank you. I'll book my initial consultation next week
by bizdriver
Thu Nov 22, 2012 10:50 pm
Forum: Canada / United States Tax & Accounting
Topic: CDN Cap Gains Tax on sale of US Primary residence -->rent
Replies: 2
Views: 2064

CDN Cap Gains Tax on sale of US Primary residence -->rent

I've read the other threads on this, but my scenario expands several issues. I'm collecting opinions on my options for classifying this to hopefully avoid paying Canadian Capital Gains taxes on the 2012 sale of our former US Primary residence turned rental. We now live in Canada as one Canadian &...