Impact of the U.S. tax reforms on Canadian tech companies

Canadian companies might be wondering if and how the U.S. tax reform, specifically the Tax Cut and Jobs Act (TCJA), will affect them. The TCJA significantly impacts Canadian technology companies with U.S. operations, or with significant U.S. revenue. This guide summarizes the major U.S. tax reform measures that affect Canadian technology companies.

Six important U.S. tax reform measures

In our guide, we provide an overview of the major U.S. Tax Reform measures and their impact on Canadian tech companies. We also outline how your business can adapt to the reform measures and the tax implications that your company needs to consider. The six measures that we highlight are:

1. Tax Rate Changes
2. Financing U.S. Operations
3. 100% Expensing/Net Operating Loss (NOL) Deduction
4. Global Intangible Low-Taxed Income (GILTI)/Foreign Derived Intangible Income (FDII)
5. Base Erosion Anti-Abuse Tax (BEAT)
6. State Tax position on Tax Reform

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