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Originally Posted by foxxx
but once you setup a taxid / or incorporate in america arent you then liable to pay taxes on income - even tho your not in america.
what would work out cheaper for him? paying taxes in america, loosing 3% on cc fee's then paying tax on the money when he brings it into canada, or paying 12% or so and paying his canadan taxes?
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In Canada, if you pay tax in another country on income generated there, you can deduct what you've already paid from your Canadian tax bill. You don't get double charged that way.