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Not long ago, the talking about clouds was always linked to talking about rain. With the proliferation of online everything, such as: e-commerce, ‘the cloud’ is something totally different, but can the cloud still rain on your parade? From a U.S. state and local income tax perspective, the forecast is changing rapidly and the chance...
Washington has a couple of very unique aspects to the state taxation structure. Firstly, there is no state level personal income tax. Secondly, there is no state level corporate net income tax either. So exactly how does Washington fund the state budget? The state raises funds through sales taxes and the Washington Business & Occupation...
We often get calls to our office asking what the tax implications are if I want to get into a business in a country. We thought it would be useful to help explain taxation in a particular country. One concept that particularly affects the transaction of business between Canada and the United States is Permanent...
Canadian companies looking to sell goods into the Unites States have several choices of structure for their U.S. operations. These choices can have substantial impact on the amount of taxes paid (corporate and state tax) as well as the complexity and number of the U.S. filings required. Background The Canada-United States Income Tax Convention (1980),...
In the current economic environment, state governments are trying to expand the reach of sales taxes as they apply to internet sales of goods and services and other online transactions. There is a natural tension created when the various States are looking to increase tax revenues by characterizing where the sale occurs and the taxpayers...
I remember several years ago working with a fellow who had made several trips to almost every state in the U.S. to visit clients, install equipment and provide other services to his customers. I told him, quite sadly, that he had nexus all over the place. He looked at his arms with a horrified expression...
Many real estate investment websites promote the idea of investing in US properties citing “tax free” 1031 exchanges as one of the advantages of investing in the US. As a result, potential investors may be confused or misinformed and may not have the correct information to make the proper decision. In reality, a 1031 exchange...
Many Canadians look at the strength of the Canadian dollar coupled with the low price of US real estate and ask if this is the appropriate time to buy properties, such as foreclosed properties in the US. Some potential purchasers intend only to buy a long-coveted vacation home in the US Sun Belt while others...
Many US citizens or US residents living or working in Canada and many Canadians living in the US have invested in Canadian Mutual Funds. A significant number of these investors may not realize that foreign mutual funds are classified as Passive Foreign Investment Companies. If they were not aware that they unwittingly held an interest...
In a previous article we explained the procedures that US taxpayers who have a beneficial interest in a Canadian RRSP or RRIF must follow to be compliant with IRS tax requirements. Unfortunately many Canadians who are US taxpayers by way of residency and many US citizens and residents of the United States that have a...
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ABOUTAylett Grant Tax, LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.ABOUTAG Tax LLP
With offices across Canada, we are positioned to manage and process the full scope of your Canadian, US and US Canada cross-border tax filing needs.OFFICEVancouver
12752 28th Ave, Surrey, BC, V4A 2P4OFFICEEdmonton
104–4220 98 St NW Edmonton AB, T6E 6A1