Hi, I will be teaching online via my Canadian Inc. for some US based inc; that would potentially pay to my Canadian Inc.
So as not to withhold any taxes on US side, what form should my Inc. submit?
Thanks.
Not withhold taxes form for US via Canadian Inc.
Moderator: Mark T Serbinski CA CPA
Re: Not withhold taxes form for US via Canadian Inc.
W-8BEN and/or Form 8233.
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Re: Not withhold taxes form for US via Canadian Inc.
Hi,
Both the forms appears to be for/related to foreign Individuals.
Mine is Canadian Federal Incorporation. Myself and my wife are owners of it.
Would you please advice if an alternate form would apply in this case?
Thanks
Both the forms appears to be for/related to foreign Individuals.
Mine is Canadian Federal Incorporation. Myself and my wife are owners of it.
Would you please advice if an alternate form would apply in this case?
Thanks
Re: Not withhold taxes form for US via Canadian Inc.
Then it becomes more complicated, as your are a foreign corporation doing business in US. Form 1120-F is more complicated.
You might want to consider just being hired as self-employed for these gigs, or as an employee of your corporation.
You might want to consider just being hired as self-employed for these gigs, or as an employee of your corporation.
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Re: Not withhold taxes form for US via Canadian Inc.
If you invoicing through the corporation, there should not be withholding by the payor (that's what confused me when you asked about withholding -- there is never tax withheld on an invoice).
There would also be no tax, But your corp need to file 1120-F as a protective return (ie to prove that you owe no tax).
There would also be no tax, But your corp need to file 1120-F as a protective return (ie to prove that you owe no tax).
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