Essentials for Canadian Companies in the U.S
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Essentials for Canadian Companies in the U.S
- 1. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 3 essentials forcanadian Companies doing businessin theu.s.
- 2. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 2Slide / GROUND RULES Attendees are in listen-onlymode This webinar is being recorded for future on-demand playback Your participation represents acknowledgement that we are recording Tweet questions & comments to @WelchLLP PD credits will onlybe awarded to those who watch the webinar live
- 3. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. DON SCOTT, FCPA, FCA WELCH LLP dscott@welchllp.com PARTNER&DIRECTOR OF TAXSERVICES ALAN TIPPETT,CPA (INDIANA) WELCH LLP atippett@welchllp.com DIRECTOR OF U.S. TAXADVISORY SERVICES NANCY-leeGLOVER PRESIDENT GLOVER CUSTOMS BROKERS nlglover@glovertrade.com Warren creates Perley-robertson, hill & mcdougall wcreates@perlaw.ca Head of immigration Introducing your Webinar PANELISTS
- 4. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 4Slide / WHAT WILL BE COVERed CROSS-BORDERTAX COMPLIANCE& PLANNING IMPORTINGGOODS& servicesINTOTHEU.s. Enteringtheu.s. Business visitors &workers
- 5. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. CROSS-BORDER TAX COMPLIANCE& PLANNINGCanadian Companies DoingBusiness in the U.S.
- 6. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 6Slide / COMMON CORPORATE STRUCTURES FORu.S. ACTIVITY DIRECTSALES Sale of a product or service CANADA U.S. CANCO U.S.BRANCH Sale ofa product or service Employees U.S. BRANCH (i.e. office) CANCO U.S.SUBSIDIARY Sale ofa product or service Employees U.S. BRANCH (i.e. office) CANCO U.S. SUBSIDIARY
- 7. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 7Slide / PE Vs. NEXUS PERMANENT ESTABLISHMENT(PE) - Federal concept which is defined by the Treaty - Approximately half of the states follow the Treaty NEXUS - Minimum contact in a state to subject enterprise to state taxation / filing PE NEXUS
- 8. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 8Slide / STATE TAX ISSUES INCOME/ FRANCHISE TAX SALES &USE COMPANIONAUDITS DUEDILIGENCE
- 9. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 9Slide / 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. INDIVIDUALS AssumeCanadianemployee, non-U.s. person BUSINESSTRAVELERS Potentialexposure forthe individual Potentialexposurefor theCanadiancorporation Federaland stateissues
- 10. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. IMPORTINGGOODS INTOTHEU.S.Canadian Companies DoingBusiness in the U.S.
- 11. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 11Slide / BECOMING A U.S.NoN- RESIDENT IMPORTER ADVANTAGES GETTINGSETUP
- 12. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 12Slide / TARIFFS DOCUMENTATION INVOICEINFORMATION REQUIREMENTS VALUES
- 13. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 13Slide / TAKING ADVANTAGE OF NAFTA DO MY PRODUCTS QUALIFY FOR NAFTA01 PROVIDING A CERTIFICATE OF ORIGIN02
- 14. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 14Slide / TRADE COMPLIANCE RULINGS
- 15. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. CROSSINGBORDERS MADE EASYCanadian Companies DoingBusiness in the U.S.
- 16. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 16Slide / WORKING IN THE U.s. UNDER NAFTA BUSINESSVISITORS (B-1) • Allowable activities • After-sales service Professionals (TN-1) • Eligibility INTra-company Transferees(L-1) • Eligibility • Executives • Managers • Specialized Knowledge NAFTA IS RECIPROCAL • Each of these temporary statuses is also available to Americans or Mexicans seeking to work in Canada • Similar application processes for each country
- 17. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 17Slide / ENSURING A SUCCESSFUL APPLICATION 01 DOCUMENTATION • Bullet-proof the application • Bricks and mortar/credibility • Proof of citizenship • Company information • Employee information • Duties/functions/responsibilities of worker • Educate the travelling worker 02 INADMISSIBILITY • Criminal • Medical (publichealth, public safety, excessive demand) • Misrepresentation • (immigration fraud)
- 18. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 18Slide / 6 common reasons forfailure and/or delay 1.Delayinpreparing and/orfiling 2.Documentation deficiencies 3.Bricksandmortar missing 4.Employersdonot Understandtherules 5.Employeesdonot Understandtherules 6.issues/complications withfamilymembers
- 19. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. 19Slide / Square peg in a round hole APPLICANT = Visa criteria = HOLE PEG Immigration lawyer carpenter=
- 20. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. Questions?Thank you for listening
- 21. 3 ESSENTIALSFOR CDN COMPANIESDOING BUSINESSINTHEU.S. DON SCOTT, FCPA, FCA WELCH LLP dscott@welchllp.com PARTNER&DIRECTOR OF TAXSERVICES ALAN TIPPETT,CPA (INDIANA) WELCH LLP atippett@welchllp.com DIRECTOR OF U.S. TAXADVISORY SERVICES NANCY-leeGLOVER PRESIDENT GLOVER CUSTOMS BROKERS nlglover@glovertrade.co m Warren creates Perley-robertson, hill & mcdougall wcreates@perlaw.ca Head of immigration Introducing your Webinar PANELISTS