TaxConnections

Login | TAXPAYERS | TAX PROFESSIONALS-START HERE
Ask Tax Question

I am looking to expand my business to the US. Should I incorporate or expand with a branch operation? My residency is Canada.

Income Tax Administrative rules
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
Larry Stolberg, CPA, CA
There is no exact answer as it depends on your projected income profile, business risk, assets used in the business and your goals on repatriation of profits, not to mention any state issues. Compliance fees will be greater the more elaborate the structure is. The key is to remember is, will Canada under the treaty provide full foreign tax credit so there is no double taxation. Watch out for the LLCs as Canada treats them as corporations, not flow through entities, on venturing into the US.
Leave a Comment 232 weeks ago



Meet Leading Tax Advisors

User Photo John Stancil

Lakeland, Florida, USA

Tax Advisor/CEO

User Photo Peter J. Scalise

New York, New York, USA

Federal Tax Credits & Incentives Practice Leader

User Photo John Dundon, II EA

Denver, Colorado, USA

Tax Director

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

NEVER MISS AN ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Contact Us Today