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Canada Information: Business, Taxation and Investment

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On this page:
- Canada Tax-News.com Coverage »
- Canada Tax Treaty Updates from TreatyPro »
- Canada Knowledge Base »
- Canada Comments »

 

Canada News Coverage

- 06/02/2012 UK, Canada Open Patent Prosecution Highway
- 03/02/2012 Income Tax Receipts Bolster Canadian Coffers
- 02/02/2012 Minister Promotes New Canadian Pension Vehicle
- 01/02/2012 Canada A Top Investment Destination, Say Ministers
- 31/01/2012 Canada Highlights Firefighter Tax Credit

More Canada Tax News »


- Canada Tax-News

Canada Tax Treaty Updates from TreatyPro

Treaty Update: Canada - Dominica
16/1/2012
The Canadian Department of Finance has announced that the TIEA signed between Canada and Dominica on June 29, 2010, entered into force on January 12, 2012.

Treaty Update: Switzerland - Canada
22/12/2011
The Protocol to the Swiss-Canada DTA, signed on October 22, 2010, entered into force on December 19, 2011. The agreement contains provisions on the exchange of information in accordance with the international standard.

Treaty Update: Canada - Various
22/12/2011
Canada's Ministry of Finance has announced that TIEAs with the Isle of Man and Jersey entered into force on December 19, 2011.

More Canada Tax Treaty Updates from TreatyPro »


Canada Knowledge Base

  - Canada Executive Summary

Canada Country and Foreign Investment

- Canada Geography
- Canada History, Population, Language and Culture
- Canada Government
- Canada Economy and Currency
- Canada Entry and Residence
- Canada Business Environment
- Canada Investment Incentives

Canada Types Of Company

- Canada Introduction
- Canada Private Limited Liability Company
- Canada Public Limited Liability Company
- Canada Partnership
- Canada Branches and Representative Offices

Canada Domestic Corporate Taxes

- Canada Scope of Income Tax
- Canada Income Tax Rates
- Canada Calculation of Taxable Base
- Canada Filing Requirements and Payment of Tax
- Canada Withholding Taxes
- Canada Sales Taxes and VAT

Canada Tax-Efficient Regimes And Sectors

- Canada Tax-Efficient Business Forms
- Canada Tax-Priviledged Business Sectors

Canada Personal Taxes

- Canada Residence and Liability for Taxation
- Canada Rates of Income Tax
- Canada Social Security Taxes
- Canada Property Taxes
- Canada Inheritance and Gift Taxes

Canada Double Tax Treaties

- Canada Double Tax Treaties
- Canada Table of Treaty Rates
- Canada Other International Agreements

Canada Table Of Statutes

- Canada Table of Statutes

Related Information

- Map of Canada
- Canada Individual Non-Resident Taxation
- Canada Holding Companies
- Canada Immigrant Trusts (For Expatriate Residents)

Canada Services Directory

- Accounting/Auditing
- Asset Protection
- Aviation Services
- Banking Services
- Brokerage/Trading
- Captive Insurance
- Company Formation
- Corporate Services
- Expatriate Services
- Internet/E-Commerce
- Financial Planning
- Legal Services
- Marine Services
- Pensions/QROPS/QNUPS
- Tax Planning
- Trust Management
- Wealth Management

Canada Features

- Living and Working in Canada - The Expatriate Perspective
- By Caroline Maxwell, London
In this article, we look at a variety of issues relevant to expatriates living and working in Canada, including immigration, residence, and taxation.

- Doing Business in Canada
- By Amanda Banks, London
In this article we look at the different ways in which a foreign corporation can do business in Canada, and examine the advantages, disadvantages, and taxation implications of each.

- Outward Investment from Canada - The Offshore Perspective
- By Caroline Maxwell, London
In this article we look at ways in which Canadian corporations can use an offshore subsidiary to achieve tax efficiency, and examine the suitability of two preferred jurisdictions in the light of recent events.

-
Income Tax Implications for Non-Residents Investing in Canadian Real Estate
- By Michael I Atlas, CA, CPA, TEP
This primer distinguishes between business and non-business tax treatment of income from real estate investments by non-residents in Canada.

Canada Contributed Articles

- Investment In Canada More Attactive for Non-Residents, contributed by Michael Atlas Chartered Accountant.
- Canada-A Tax Friendly Destination For Wealthy Immigrants, contributed by Michael Atlas Chartered Accountant.

Lowtax Network Comment System

To ask a question or if you have an opinion you want to share: start a new thread, or reply to a thread below:

Topic: Canada
UAE Expat returning to Canada
I have been living in the UAE for 8 years now. I will be relocating back to Canada.

I hope I can transfer moderately large sum of money [around 200K CAD] to my bank in Canada. Are there any glitches in the process OR should I take traveler cheques worth that amount.

Would then there be difficulties while making a manual deposit of these cheques in my local Canadian account? I am not sure what are the rules?

Additionally, I THINK I have been a non-resident since I have did not visit Canada during the first 4 years of my stay here in the UAE. Afterwards, there have been up to max. of 7 week visits in 2007, 2009 and 2010.

My concerns are the following:

1] Should I keep my money in the UAE and sort out the TAX matters first in Canada? OR can I take the money there and then sort out the Tax matters there?

2] I heard that there is a TAX TREATY between the UAE and Canada. Will that treaty HELP me in the taxes and I could avoid DOUBLE TAXATION...

3] Should I hire a Tax Lawyer [Good one] to look into my case?

I am not sure what is the BEST scenario and hence NEED DESPERATE HELP!!!!!

Any advice would be truly appreciated.  JIM
Read Replies | Reply | Start New Thread
Topic: Canada
Offshore company formation for internet based business?
Hello,

I am a canadian expat now working abroad in the engineering field. I have residency in Indonesia and the UAE. I also have bank accounts in Singapore, Dubai, and Canada. I am an entreprenuer at heart and i would love to start a new venture by setting up a web based business but i need some help and advice. I plan to generate income on a website advertising job postings, contingency recruitment fees for finding people work in my specialized field of engineering and maybe even contracting myself out independantly. I would ideally like to form a offshore IBC or LLC in a country with no tax, Zero required capital investment, one person ie (myself) to be director/shareholder and no requirement of local representation as well as being able to have the freedom of having my documents kepts anywhere in the world. I plan on moving back to Canada in the next year or two, as i am a bit of a nomad at the moment. I have no ties with Canada at the present time therefore i would not be subjected to taxation on worldwide income. But if i start generating income through my planned offshore business when i move back would i then have to fork over some of my earnings to the Canadian gov't? any tips on being able to avoid the taxman without getting into hot water? If anyone can recommend a country and business structure that is best suited for my plans i would really apprieciate it! Thanks


Cheers!  
Read Replies | Reply | Start New Thread
Topic: Canada
New Zealand Company Formation
If a Canadian Citizen living in Canada, were to form a New Zealand Company Formation, for example an International Online Internet Business, would taxes on that business have to be paid to only the New Zealand government or to the Canadian and New Zealand Governments?  
Read Replies | Reply | Start New Thread
Topic: Canada
Canadian company working for Isle of Man company
I'm a Canadian and have incorporated myself. I have a contract opportunity to work for a company in Isle of Man. Though I'll be working and living in Ontario-Canada, and will be paid in CAD, the company I will do work for is not Canadian.

1. Does my corporation need to file with the Isle of Man government?
2. Does it matter based on how much I earn and the contract period?
3. What do I need to consider when I do my Canadian corporate tax filing?
4. As I'm paid by my own company, my personal tax filing is same as always, right?

Many thanks  
Read Replies | Reply | Start New Thread
Topic: Canada
New Zealand Web Business in Canada
Hi there, I'm a New Zealand citizen on a student visa in Canada. I'm unable to work while on this visa, but want to make some income doing web design while i study in Canada. (my PR application is in progress). Firstly, If I start a Canadian Business while studying, it seems risky, though potentially legal, at least in BC. Or, I could register a New Zealand corporation and have web design services charged to the NZ company - and taxes paid in NZ? Would Canadian taxes need to be charged for an 'overseas' internet service?

Any advice? Thanks!  kiwi
Read Replies | Reply | Start New Thread

 




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