Branching Out: Tax Implications for Contractors Opening a Branch Office

A client asked about Branch Offices. Figured I would adapt an email I wrote to a more blog-friendly format:   Understanding the Landscape: Setting up

So here’s a quick comment on something that I see often: As a US citizen, you have to declare 100% of your worldwide income. This

When a person moves out of Canada and becomes a non-resident, Canada’s Income Tax Act has a rule that comes into play, known as the

Form 8938 is a form that you might need to fill out if you have certain financial assets located outside of the United States. If

FBAR stands for Foreign Bank Account Report, and it’s a form that U.S. taxpayers may need to file if they have certain foreign financial accounts.

So this is a fun one. Well I called CRA and they said… I know this might be a shocker, but CRA is known to