Search found 3 matches

by iht
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: 2729

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...
by iht
Thu Jun 23, 2022 11:49 am
Forum: Canada / United States Tax & Accounting
Topic: CCPC Departure Tax and tax returns
Replies: 1
Views: 2580

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...
by iht
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: 2729

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...