Has your Canadian business expanded into the U.S.? Do you have dealings with U.S. customers? If so, have you considered the U.S. tax implications? It’s important that you do. Canadians — both individuals and corporations — can end up with a U.S. tax liability if they carry on a trade or business in the U.S. Even if there is no U.S. tax liability associated with carrying on a trade or business,there may be U.S. filing requirements, which may attract significant penalties if not met on a timely basis.
The Canada Emergency Wage Subsidy (CEWS) program was introduced in March 2020 for an initial period of twel...
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If you’re a non-resident vendor or online platform operator, this is important Canadian tax information.
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BDO & Gowling assemble a panel of Tax, M&A and Legal experts to bring you insights on buying and selling a business.
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BDO Partner Adam Thompson and David Elrick co-authored and addresses this in Chapter 16, ‘Tax Considerations in Buying or Selling a Business’ of the Canadian Tax Foundation’s publication: Taxation of
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The Canada Revenue Agency (CRA) has various tools available to collect information on Canadian resident taxpayers’ interests in offshore investments.