Quote:
Originally posted by Mutt
thanks for all the recommendations.
now he tells me he actually already has the papers to incorporate, what he's looking for is advice so that he doesn't get double taxed by both countries. Or at least minimize that as much as possible.
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That is another story ( consider also EU corporation as Webby described often in some threads- seems good also).
For tax, I hired a US accountant ( not expensive) in Plattsburg ( near Montreal) that will coordinate with my canadian accountant.
Pay yourself a salary ( expense in the US, income in Canada so taxed once only; pay hosting, advertising, etc....; you can also pay dividends to your canadian corp. ).
Also keep in mind that you are escaping the whole GST/PST issue: the canadian gov considers that ALL memberships are taxable... so that already a 15.5%.
I personnally would and went with the US corp. But maybe I will add a EU copr just to be more secure and ready ...