income tax treaty, which was signed by both countries on September 21, 2007. The protocol contains a number of amendments to the treaty, including the elimination of withholding tax on most cross-border interest payments. The Canadian finance minister claims that the technical explanation (TE) to...
Our Canadian Tax Services With our team of 10 cross border specialists, we are happy to handle routine inquiries from CA’s at no charge, and work closely with them to ensure that no detail is left out. Our consulting service capabilities include: ...
Tax Issues in Structuring Cross-Border Private Equity Funds The authors also address various considerations under the Canada-US tax treaty (1980) that are of importance because of the extent to which Canadian private equity funds look to the United States for non- Canadian investors and ... A ...
Canada Expat Income Taxes Who Is Liable For Income Taxes In Canada In Canada, an individual resident is taxed on worldwide income. However, non-residents are taxed on Canadian-source income only. Who Is A Canada Tax Resident The Canada tax code define who is considered a tax resident. Howev...
Canadian Investment Treaties with African Countries: What Do They Tell Us About Investment Treaty Making in Africa? developmentinvestmentbilateral investment treatyBetween 2013 and 2015, Canada signed nine bilateral investment treaties (BITs) with countries in Africa. Canada was rema...
u nitedStates-sourceincomeofnonresident alienindividualsandotherforeignpersonsis reportedonForm1042-S,ForeignPerson’s U.S.SourceIncomeSubjecttoWithholding.This incomeissubjecttoa at,statutorytaxrateof30 percent.However,thisrateisfrequentlyreducedor eliminatedbywayofanincometaxtreatyorstatuto- ryexemption(seeTa...
By way of example: A Canadian citizen accepts a four-year assignment in the US and intends to return to Canada at the conclusion of their assignment. As a general matter, the extended length of this assignment could nullify the possibility of obtaining reduced income tax liability or exemptions...
The Canadian government assisted in the “tracking and analysis of the balloon,” according to Austin. “Today’s deliberate and lawful action demonstrates that President Biden and his national security team will always put the safety and security of the American people first while responding ...
return thanks to Canadian registered retirement plans. If you have a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF), I need to speak with you about navigating the intricate reporting requirements to satisfy the demands of Canada as well as US tax ...
Cross-Border Tax Planning (G20 & EU) Tax planning for Canadians with U.S. investments Navigating dual tax treaties and minimizing double taxationNon-Resident & Expat Tax Services (G20 & EU) Determining tax residency status Filing for non-residents with Canadian or global income...