Search found 3 matches

by erythrocyte
Wed Aug 08, 2018 12:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Dual resident living in Canada operating a US business
Replies: 0
Views: 384

Dual resident living in Canada operating a US business

Hello, A dual resident wants to open a single owner service business in the US but wants tax minimization and liability protection. A sole proprietorship would give access the 20% QBI deduction and Foreign Tax Credits so double taxation is avoided. On the other hand, what happens if he setup a US do...
by erythrocyte
Fri Feb 23, 2018 10:56 am
Forum: Canada / United States Tax & Accounting
Topic: US/CAN resident living in CAN, wanting to open US Business
Replies: 0
Views: 488

US/CAN resident living in CAN, wanting to open US Business

Hello, I'm a physician who practices in the US (W2 employee) but lives in Canada and hold dual US-Canadian residency and am subject to resident taxes by both countries' respective immigration and tax laws. My spouse is Canadian (not a US resident - although she may become one down the road). I'm cur...
by erythrocyte
Tue May 05, 2015 1:58 pm
Forum: Canada / United States Tax & Accounting
Topic: Family Limited Partnership
Replies: 0
Views: 857

Family Limited Partnership

I'm wondering if setting up a Family Limited Partnership is a good idea for probate and estate tax minimization issues. We are a cross-border family and planning to invest in US and Canada, probably live in Canada in the short term. If this is a good idea, where should it be domiciled? And are there...