All Questions
5
questions
1
vote
0
answers
75
views
Incorporating a Canadian business with a US founder
I'm a Canadian citizen who is a American permanent resident residing in the USA. My cofounder is a Canadian citizen residing in Canada. We are incorporating a business that will be operating in Canada ...
- 165
2
votes
1
answer
295
views
Pros/cons of drawing income in retirement from sole-owner corporation vs. sole-proprietorship?
What happens from a tax perspective at retirement time for the sole-owner/employee of a Corporation versus Sole-Proprietorship?
In the case of a Corporation, I assume that the owner pulls money from ...
- 532
3
votes
1
answer
1k
views
How much taxes do corporations have to pay on dividends they receive from other companies?
I am trying to figure out whether it would be beneficial for me to convert my sole-proprietorship to a corporation. In doing my research, I need to figure out how corporations get taxed on dividends ...
- 532
1
vote
1
answer
219
views
How should a US resident who is a joint owner of a Canadian corporation file taxes?
I am a Canadian citizen living in the US. I am a joint owner (50%) of a Canadian federal corporation that I started when I lived in Canada. The company is online, and receives income from people all ...
- 165
5
votes
3
answers
3k
views
In Canada, can a limited corporation be used as an income tax shelter?
I've heard this old chestnut from various people over the years but have never been able to find any solid information on the process and thus, never put it to the test.
The claim is that if you plan ...
- 1,003