I understand if a US LLC / S-Corp opened a Canadian bank it would be subject to Canadian income tax and require Extra Provincial License.
If a US Sole Prop opened a Canadian bank, would the same scenario be true?
American with Canadian bank income taxes
Moderator: Mark T Serbinski CA CPA
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- Posts: 42
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Re: American with Canadian bank income taxes
The US sole prop would NOT have a permanent establishment in Canada**