Hello,
I have offer from US client to be hired through prime vendor on hourly rate (initially for 6 months, but extendable). This prime vendor staffing company in USA which will pay me an agreed hourly rate.
I am Canadian citizen with Canadian Corp (Single Person). My plan is to work 4 days a week in Ohio, USA and 3 days back to Toronto in Canada, where my family lives (Spouse and Daughter) and I also own the property.
I want all money into my Canadian Corp so I can claim expenses, and want to pay Canadian taxes only, if possible as, my family is here. But the US Corporation doesn't want to make payment to Canadian corporation and option suggested by them is either share the US Corporation details or move with them on W2. I want to avoid the W2 path.
Q1 What options do I have? Is it advisable to open US C-Corporation (or LLC) as subsidiary of (or owned by) Canadian Corporation? Which will then be sending funds to Canadian Corporation? If so, which entity will be better for Tax Purposes.
Q2 If allowed to create US Corporation, who should be issuing the TN visa Letter in that case?
Objective is, I want to pay all taxes in Canada via Canadian Corporation and pay my personal income taxes in Canada, and keep exposure to US IRS to minimum possible, and want to tell IRS that I have closer ties to Canada and will pay taxes to CRA.
Appreciate your help.
I asked Similar Question in Immigration forum as well, to get both perspectives.
Thanks in Advance.
Corp-to-Corp to US on TN
Moderator: Mark T Serbinski CA CPA