Doing Business in the United States
Canadians, whether individuals or corporations, who are seeking to expand their businesses are often enticed by the large potential market that is in the United States. It is very important that individuals and corporations review how they are operating in the United States with an eye to reducing the overall U.S. and Canadian tax liability. It is also important to be made aware of the various U.S. tax compliance requirements, and associated penalties for non-compliance, that will undoubtedly arise as a result of U.S. operations.
The following considerations are often overlooked by Canadian businesses operating in the United States: