Key Takeaways Selling to U.S. customers may trigger income and sales tax obligationsCanadian e-commerce businesses that sell to U.S. customers may be subject to both federal income tax and state-level sales tax. Understanding your nexus exposure and whether you must…
Key Takeaways Canadians with U.S. LLCs face strict U.S. tax filing rulesOwning a U.S. LLC may seem simple, but Canadian residents must meet complex U.S. tax requirements—or risk penalties up to $25,000 per violation. Even disregarded LLCs must file IRS…
If you are a Canadian individual or corporation who owns a single-member LLC in the United States, it is essential to be aware of potential tax implications and filing requirements. While LLCs are often recommended for Canadians investing in U.S.…
The 2023 tax season is under way. The IRS just started accepting individual U.S. tax returns. A mere mention of the word “tax” is enough to make Canadians with dual tax filing commitments in Canada and America balk. U.S. tax…