Search found 4 matches
- Sun Jun 02, 2024 10:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can a non-resident Canadian corporation use US-Canada treaty provisions to reduce branch tax(1120-F) in the US
- Replies: 0
- Views: 6606
Can a non-resident Canadian corporation use US-Canada treaty provisions to reduce branch tax(1120-F) in the US
My wife and I (100% owners of the Canadian corporation) moved to the US on E-1 owner/principal trader via in 2022 thus making our Canadian corporation a non-resident for Canadian tax purposes. However, business continues between our Canadian corporation (which we have to maintain for ever to adhere ...
- Wed Jun 29, 2022 10:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Working from the US for a Canadian client on E-1S status
- Replies: 2
- Views: 3366
Re: Working from the US for a Canadian client on E-1S status
Hi Nelsona, One follow up question on your answer. When I checked with with Canadian banks in Canada, none of them open CAD business accounts for US registered entities. They expect the foreign entity to register in Canada. How do we go about collecting CAD payments from our Canadian clients against...
- Thu Jun 23, 2022 11:49 am
- Forum: Canada / United States Tax & Accounting
- Topic: CCPC Departure Tax and tax returns
- Replies: 1
- Views: 3180
CCPC Departure Tax and tax returns
What options exist for the CCPC (with fiscal year end as 31-Dec) to avoid departure tax if its funds are locked in three months non-redeemable GIC that won't mature until a month or two after emigration of the owner (and his family), who is an IT consultant who moves to the US? In order to avoid dep...
- Sun May 08, 2022 2:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Working from the US for a Canadian client on E-1S status
- Replies: 2
- Views: 3366
Working from the US for a Canadian client on E-1S status
I plan to move to the US on E-1 owner/principal trader visa in Jul 2022. As soon as or before I move, is it better, from taxation point of view, to open a US corporation and have our existing contracts between our Canadian corporation (which we have to maintain for ever to adhere E-1 visa rules) and...