Search found 3 matches

by tivark
Fri Oct 31, 2014 3:34 pm
Forum: Canada / United States Tax & Accounting
Topic: US GC holder moving to canada, applying for PR
Replies: 5
Views: 3944

Would it be a fair summary that as it stands, these are my options: 1. Do not incorporate and pay personal canadian taxes on all earnings. Since personal tax rates are higher than the US, likely not much due to IRS. Keep greencard. 2. Incorporate, and get double taxed on corporation earnings after p...
by tivark
Fri Oct 31, 2014 2:41 pm
Forum: Canada / United States Tax & Accounting
Topic: US GC holder moving to canada, applying for PR
Replies: 5
Views: 3944

Thank you for your reply.
This will be a professional corporation (physician).

It sounds like from what you are saying, its either I take everything out as personal tax OR get the corporation double taxed?

I might elect to give up my greencard while my wife maintains hers if this is the case..
by tivark
Fri Oct 31, 2014 12:05 pm
Forum: Canada / United States Tax & Accounting
Topic: US GC holder moving to canada, applying for PR
Replies: 5
Views: 3944

US GC holder moving to canada, applying for PR

Hi there, we are Indonesian citizen, US greencard holders moving to Ontario for work. MY wife will likely live in Ontario but attend school in the US over the next 4 years. I will make about 550k CDN. I was planning to incorporate (not sure LLC or ULC). I was planning to pay myself about 150k and le...