Please wait, loading...
How to source income between the U.S. and different countries can be complicated and time consuming for taxpayers who are not familiar with tax regulations and treaties. In general, for U.S. tax purposes, U.S citizens and resident aliens (details) are subject to tax on their worldwide sources of income, while non-resident aliens are subject to...
If a U.S. person does business in Canada, there are many different tax implications that should be addressed to ensure proper compliance with Canadian reporting requirements enforced by the Canada Revenue Agency (CRA). Withholdings are generally required at source on any income earned by a non-resident in Canada. The CRA has its own prescribed withholding...
For most U.S. taxpayers the automatic six-month extension to file tax returns expires on October 15, 2013 (other than the military and individuals serving in combat zones, or people from regions affected by storms, flooding and landslides). The Internal Revenue Service (IRS) urges taxpayers who requested for the automatic extension to re-check their returns for certain...
The Canada Revenue Agency (CRA) has many tools at its disposal to track the investment of Canadian taxpayers in foreign entities. On December 31, 2012, a new Form T1134 (Information Return Relating to Controlled and Not-controlled Foreign Affiliates) was released, replacing forms T1134A and T1134B. In the following paragraphs, AG Tax will give a brief...
If a U.S. company that is 25% or more owned by foreign person(s), which includes (but is not limited to) individual(s) or corporation(s), has reportable transactions with related parties, form 5472 (Information Return of a 25% Foreign-owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business) may be required to be...
With the 2013 calendar year coming to an end and everyone busy sorting out their taxes, it would be a good idea to go over some of the continuing business tax provisions (“tax-extenders”) that are about to expire. There is a great deal of uncertainty as to whether any of these provisions will be extended...
When foreign companies start operating offshore, they might not always be aware of the tax laws of the foreign country where they are doing business. To raise awareness, our AG Tax experts have prepared an overview of the various types of tax issues a foreign corporation may face while operating in the U.S. What is...
Foreign corporations looking to do business in the United States have the option of setting up representative offices, branches, or full subsidiaries in the U.S. to facilitate the growth of their operations. However, the tax implications associated with setting up an office in the U.S., and the impact it may have on the business, is...
Other than a few exceptions, the U.S. practices and promotes free trade through the many trade and tax treaties it has signed throughout the years. With the exception of certain specific items, exported goods are subject to very limited or hardly any regulations and thus, as international trade continues to grow, many entrepreneurs are considering...
When considering a foreign assignment for your current employer, you might not be aware of the various taxes applicable in the country you would be assigned to. Depending on the country, there may be different tax obligation based on the different levels of government. In the US for example, some jurisdictions have local, state, and...
© AG Tax LLP | All Rights Reserved | Website by Aroma Web Design Vancouver
© AG Tax LLP | All Rights Reserved | Website by AromaWebDesign.com
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.OFFICEVancouver
+1 (888) 502-1810New South Surrey office coming January 2025ABOUTAG 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