Canadian Corp to US Corp

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Feb 2nd, 2021 3:38 pm

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Feb 1st, 2021 12:22 pm

Usher9387 [OP]: Member; Jun 24, 2016; 367 posts; 196 upvotes; Toronto

Feb 1st, 2021 12:22 pm

Canadian Corp to US Corp

Hi

Can you please explain how this works or better way to do the business with Canadian Corp to US corp. Its a remote job in US and the agency is ok to have corp to corp.

4 replies

Feb 2nd, 2021 10:38 am

crossborderguy: Member; Jan 18, 2017; 361 posts; 274 upvotes

Feb 2nd, 2021 10:38 am

Sure.

-- Step 1. Incorporate.
-- Step 2. Register for GST.
-- Step 3. Fill out W8-BEN-E form.
-- Step 4. Bill client for services. (0% rate for GST.)
-- Step 5. Wait a year, and then pay your taxes and GST.

Usher9387 wrote: ↑ Hi

Can you please explain how this works or better way to do the business with Canadian Corp to US corp. Its a remote job in US and the agency is ok to have corp to corp.

______
Canadian & US tax guy (CPA)

+1

Feb 2nd, 2021 2:00 pm

Usher9387 [OP]: Member; Jun 24, 2016; 367 posts; 196 upvotes; Toronto

Feb 2nd, 2021 2:00 pm

Many thanks crossborderguy.Is there any complication doing Canada Corp to US Corp or is it better to register the LLC in US and do the business.

Feb 2nd, 2021 2:55 pm

crossborderguy: Member; Jan 18, 2017; 361 posts; 274 upvotes

Feb 2nd, 2021 2:55 pm

Unless you want to pay mad accounting/legal fees every year, and get absolutely raped on taxes, then avoid using a US LLC for anything (unless you're an American citizen of course.)

Usher9387 wrote: ↑ Many thanks crossborderguy.Is there any complication doing Canada Corp to US Corp or is it better to register the LLC in US and do the business.

______
Canadian & US tax guy (CPA)

+1

Feb 2nd, 2021 3:38 pm

Usher9387 [OP]: Member; Jun 24, 2016; 367 posts; 196 upvotes; Toronto

Feb 2nd, 2021 3:38 pm

Much appreciated and thanks corssborderguy.

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