m0rph3us - do you have a local legal firm you are using? Or are you doing all the legwork yourself here?

No I have an accountant. I'm going to have to see if he can help me indepth with this, if not, I guess I'm going to have to find a better firm.

I'm not canadian but i'm tax audited right now since november last year.. :(

But they have told me income from sponsors outside EU is non taxed.

But when i take the money out of the company i have to pay 50-55% tax anyhow :thumbsup

Gotta love the swedish taxes.

this is a very depressing thread. damn revenue canada or whatever they are calling themselves nowadays.

It sounds like that the only ones who make money on this are the tax lawyers and accountants.

It almost sounds worth it to incorporate in the US and deal with all that hassle.