Search found 8 matches

by tl416
Mon Jan 10, 2022 11:30 am
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

Just to put things into context -- yes I am currently a resident of Ontario. My intent was to start US employment remotely from Ontario in a month or so, then relocate to the US some time afterwards after sorting out housing.

At the time I thought that I would be considered a resident of the US for ...
by tl416
Sat Jan 08, 2022 9:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

Appreciate the info.

As my residential ties have already been broken in preparation for the move, how would this date be confirmed and/or verified?
Could I not just use the date I obtain my TN visa as my departure date?

Thanks again.
by tl416
Sat Jan 08, 2022 3:41 pm
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

[quote=nelsona post_id=527123 time=1641666143 user_id=30]
Until you actaully nmove, you will be Cdn resident. Once you move, you will be US resident. Closing financial accounts has no bearing.
[/quote]

What is the tax implication of this? I was under the impression that when I file my taxes for ...
by tl416
Sat Jan 08, 2022 11:31 am
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

As a follow up to my situation, I had consulted with Serbinski, and was advised to close some of my Canadian accounts (ie TFSA) so that I could emigrate from Canada and be considered a US resident for the 2022 calendar year.

My intent is to obtain my TN at this border later this month in January ...
by tl416
Mon Nov 22, 2021 11:27 am
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

Right, understood.

I'm under the assumption that I would be an employee of that US firm. (I will have to ask whether they'll consider taking me on as a contractor, though I doubt they would).

What gets messy is some of my existing "side businesses" here in Canada -- I have a corporation under my ...
by tl416
Sun Nov 21, 2021 4:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

Thanks.

Also, I assume it is not possible to be a non-resident in both the US and Canada? If my time is split between the two countries, yet I try to fail the respective 'substantial presence' tests of each country, I assume the treaty forces me to be a resident of one country?

I don't like the ...
by tl416
Sat Nov 20, 2021 6:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Re: Remote work for US Corporation

3RE: Question 2 & 4:
After doing some more research and reading, my understanding is non-residents of Canada only pay taxes to the CRA on Canadian sources of income only. And so there is a tax incentive in relocating to a tax free state.
by tl416
Sat Nov 20, 2021 6:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Remote work for US Corporation
Replies: 16
Views: 5680

Remote work for US Corporation

Hello,

I am a Canadian citizen and current resident of Ontario. I am interviewing with a US based firm, for a consulting role that will be servicing clients mostly in the US (with some international). As the role will be 95% remote, with some occasional travel to the US, they do not mind if I stay ...