Search found 5 matches

by 8xroad
Wed Mar 31, 2021 5:35 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Treatment of Single member US LLC in Canada
Replies: 2
Views: 3413

Re: Tax Treatment of Single member US LLC in Canada

Tax Gurus Rephrasing my question hoping some one can help I am a dual Canadian US Tax Resident and own a single member pass through LLC in the US. Its disregarded for tax purpose in the US. 100% of the income is in US and is derived by consultation work. Q- Does this LLC have any tax obligation in C...
by 8xroad
Sun Feb 07, 2021 2:44 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Treatment of Single member US LLC in Canada
Replies: 2
Views: 3413

Tax Treatment of Single member US LLC in Canada

Cross Border Gurus, I am a dual resident in the US (due to green card) and in Canada (due to ties). Starting Feb-21, I am working in the US as a single member US LLC. The LLC has no income or operation in Canada. I am considering to use the LLC as a pass through disregarded entity and pay all US tax...
by 8xroad
Sun Apr 12, 2020 10:28 am
Forum: Canada / United States Tax & Accounting
Topic: US Canada Dual Resident Tax planning
Replies: 4
Views: 4044

Re: US Canada Dual Resident Tax planning

Thank you very much Steve15. I was not aware of the RC268 and may have been overestimating my taxes in Canada in the prior years. Will definitely take advantage of this in 2019. Really appreciate all your insight and recommendations.
by 8xroad
Mon Oct 28, 2019 11:42 am
Forum: Canada / United States Tax & Accounting
Topic: US Canada Dual Resident Tax planning
Replies: 4
Views: 4044

Re: US Canada Dual Resident Tax planning

Thanks Nelsona. Good to know there are many in my situation. I tried searching relevant posts earlier and did not have much success, but I will check more thoroughly now.
Thanks again for everything you do.
by 8xroad
Fri Oct 25, 2019 9:23 pm
Forum: Canada / United States Tax & Accounting
Topic: US Canada Dual Resident Tax planning
Replies: 4
Views: 4044

US Canada Dual Resident Tax planning

Hello Nelsona and cross-border Gurus. I am in a sort of a rare situation (I think) and could use your knowledge and expertise. I am a Canadian citizen living in Canada with family, have RRSP, RESP, Joint residential/investment properties, mortgage, bank accounts etc. in Canada. Dependent kids are in...