Tax Bulletin - Tax consequences for Canadians doing business in the U.S.
January 13, 2021
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.
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