TN visa - Corp to corp

[zoogeny]

I have been working in the US on a TN for the last 2 years. However, during that time I was a W2 employee.

I have been offered a new TN with a new company on the stipulation that I set up a Canadian Corporation and we do it as corp-to-corp. I will be full-time in the US for at least 1 year. I've found it difficult to figure out what this will mean from a tax perspective.

Some questions I have are:
1. What type of Canadian Corp should I set up?
2. What filings do I have to do in Canada and the US from a corp and/or personal basis?
3. Will I be taxed 2 or more times? (e.g. once for the business then once for me personally)
4. What is the best way to get the money into my hands while I live in the US? (e.g. should I setup a US Business bank account for my Canadian business? Can I just use my personal US bank account to accept the funds?)
5. What additional filings do I have to do (e.g. form 5471)?

Any insight on these questions would be appreciated.