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1 (604) 455-4000 Find our Address info@kvdb.com
  • Home
  • Services
    • U.S. ID Number (ITIN)
    • Departing Canada
    • Doing Business in the United States
    • Investing in U.S. Real Estate Property
    • U.S. Citizens Residing in Canada
    • U.S. Citizen Non-Filers Living in Canada
    • Giving Up U.S. Citizenship
  • Blog
  • TAXFACTS
  • Careers
  • Contact

Commonly Used Terms

The following terms are used throughout this website and are defined as follows:

Cross-Border:

This term is used by professionals in Canada as a way of describing consulting and compliance services which require knowledge of both Canada and U.S. tax law and procedures.

Compliance Services:

Term is used to describe the preparation and compilation of the necessary tax forms.

Limited Liability Company (LLC):

U.S. entity which is treated as a partnership for U.S. tax purposes but which can provide limited liability for its members.  Generally speaking, Canada does not treat an LLC as a partnership.

S-Corporation:

U.S. corporation that makes a timely filed election to be treated as a flow through entity for U.S. tax purposes.  Generally speaking, Canada does not accept this treatment as a flow through entity for Canadian tax purposes.

U.S.TAXFAX:

This is a newsletter distributed by our firm to other professional accounting and legal firms throughout Canada and the United States.  This newsletters purpose is to raise awareness of U.S. and cross-border issues and is not meant as a comprehensive source of information.




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    #208 - 15272 Croydon Drive Surrey, British Columbia, V3Z 0Z5 Canada

    Call: 1 (604) 531 6207

    Fax: 1 (604) 538-9713
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