Are you based in another country and thinking about expanding your business into Canada? Looking to understand the legal & tax related issues? On Tuesday, February 25th, 2014, highly experienced professionals Mona Tessier, Don Scott, & Jamie Hollingworth provided 60 minutes of detailed advice for how to conduct business in Canada.
To view this Welch LLP webinar (and others), click here: http://www.welchllp.com/resource-centre/videos/webinars/
Speeding Through 2020 Auto Webinar Series - Year-End ReviewCitrin Cooperman
As 2020 nears completion, we discuss what automotive dealerships need to record and what files need to be kept in order to ensure that 2020 is closed properly and that the new year starts off right.
The passage of the Tax Cuts and Jobs Act will have widespread and long lasting implications throughout the country and will change how most taxpayers will prepare their tax returns. Citrin Cooperman recently hosted a seminar in Philadelphia to provide insight on where we are now, how we plan to move forward, and how the new law will impact your overall business and tax strategies. Join us to get answers to questions in the following areas:
Corporate and Businesses
Pass-Through Entities
International Issues
Individuals
Todd Bailey explains the records to keep and tax deductions to consider in your Amare business. Also, advice about credit cards to simply your records. Powerpoint Slides. Downloadable
Speeding Through 2020 Auto Webinar Series - Year-End ReviewCitrin Cooperman
As 2020 nears completion, we discuss what automotive dealerships need to record and what files need to be kept in order to ensure that 2020 is closed properly and that the new year starts off right.
The passage of the Tax Cuts and Jobs Act will have widespread and long lasting implications throughout the country and will change how most taxpayers will prepare their tax returns. Citrin Cooperman recently hosted a seminar in Philadelphia to provide insight on where we are now, how we plan to move forward, and how the new law will impact your overall business and tax strategies. Join us to get answers to questions in the following areas:
Corporate and Businesses
Pass-Through Entities
International Issues
Individuals
Todd Bailey explains the records to keep and tax deductions to consider in your Amare business. Also, advice about credit cards to simply your records. Powerpoint Slides. Downloadable
Recording keeping for your Amare Global home business by Todd Bailey JD MAcc & Amare Wellness Partner. Which records to keep. What's deductible. And much more . . .
This workshop helps attendees understand the income taxation of trusts and estates, identify sources of taxable income, calculate distributable net income, and apply the Alternative Minimum Tax.
Presenter: David Spence, Jennifer Han, Allison Kroeker, and Li (Fiona) Xu of Royse Law Firm
The foreign tax credit intends to reduce the double tax burden that would otherwise arise when foreign source income is taxed by both the United States and the foreign country from which the income is derived.
ADVANCE TAX RELIEF LLC - We Solve Tax Problems
www.advancetaxrelief.com
Call (800)790-8574
BBB Accredited Business
This presentation will be two hours in duration and will offer two CPE credits. The presentation will focus on tax law updates for both businesses and individuals that are expected to be passed. The discussion during the webinar will feature information on both sides, as they are often interdependent.
The webinar will also touch on the tax policies of some of the 2016 presidential candidates and how these policies will impact you and your organization.
Tax Changes 2013 / 2014 and Their ImpactPeter Pfister
Peter Pfister, Parter at The Curchin Group, CPAs, shares insight into the tax changes in 2013 and their future impact on businesses and individuals as well as what is likely to happen in 2014.
Designed to benefit financial controllers and directors working in commerce, providing an ideal opportunity to update your knowledge on a wide range of subjects.
Original air date: Jan. 25, 2018
Recording available at http://www.mhmcpa.com
The tax reform bill was signed into law on Dec. 22, 2017, bringing sweeping and historic changes to our country’s tax laws. These changes generally are effective in 2018 and impact every taxpayer. International taxation received significant changes, with provisions related to participation exemption, mandatory repatriation tax, U.S. base erosion, global intangible low-taxed income, foreign-derived intangible income, foreign tax credits, Subpart F, and sale of partnership interests.
We will focus on the manner in which international businesses are impacted by the new law, and will offer insight about how international businesses and investors should respond to the new provisions.
You may deduct 20% of qualified business income from a
partnership, S corporation, LLC, or sole proprietorship. In
the case of a partnership or S corporation, the deduction applies
at the partner or shareholder level. The business must
be conducted within the United States. Special rules apply
to specified agricultural or horticultural cooperatives.
Everything your startup needs to know about accountingThe Idea Village
Don't get lost in the accounting world as you steer your venture to success! In this IDEAinstitute, attendees will be guided by the accounting startup compass: tools and insights of the trade necessary to reach your venture's destination.
Recording keeping for your Amare Global home business by Todd Bailey JD MAcc & Amare Wellness Partner. Which records to keep. What's deductible. And much more . . .
This workshop helps attendees understand the income taxation of trusts and estates, identify sources of taxable income, calculate distributable net income, and apply the Alternative Minimum Tax.
Presenter: David Spence, Jennifer Han, Allison Kroeker, and Li (Fiona) Xu of Royse Law Firm
The foreign tax credit intends to reduce the double tax burden that would otherwise arise when foreign source income is taxed by both the United States and the foreign country from which the income is derived.
ADVANCE TAX RELIEF LLC - We Solve Tax Problems
www.advancetaxrelief.com
Call (800)790-8574
BBB Accredited Business
This presentation will be two hours in duration and will offer two CPE credits. The presentation will focus on tax law updates for both businesses and individuals that are expected to be passed. The discussion during the webinar will feature information on both sides, as they are often interdependent.
The webinar will also touch on the tax policies of some of the 2016 presidential candidates and how these policies will impact you and your organization.
Tax Changes 2013 / 2014 and Their ImpactPeter Pfister
Peter Pfister, Parter at The Curchin Group, CPAs, shares insight into the tax changes in 2013 and their future impact on businesses and individuals as well as what is likely to happen in 2014.
Designed to benefit financial controllers and directors working in commerce, providing an ideal opportunity to update your knowledge on a wide range of subjects.
Original air date: Jan. 25, 2018
Recording available at http://www.mhmcpa.com
The tax reform bill was signed into law on Dec. 22, 2017, bringing sweeping and historic changes to our country’s tax laws. These changes generally are effective in 2018 and impact every taxpayer. International taxation received significant changes, with provisions related to participation exemption, mandatory repatriation tax, U.S. base erosion, global intangible low-taxed income, foreign-derived intangible income, foreign tax credits, Subpart F, and sale of partnership interests.
We will focus on the manner in which international businesses are impacted by the new law, and will offer insight about how international businesses and investors should respond to the new provisions.
You may deduct 20% of qualified business income from a
partnership, S corporation, LLC, or sole proprietorship. In
the case of a partnership or S corporation, the deduction applies
at the partner or shareholder level. The business must
be conducted within the United States. Special rules apply
to specified agricultural or horticultural cooperatives.
Everything your startup needs to know about accountingThe Idea Village
Don't get lost in the accounting world as you steer your venture to success! In this IDEAinstitute, attendees will be guided by the accounting startup compass: tools and insights of the trade necessary to reach your venture's destination.
OBJECTIVE
Canada is an open country when it comes to those who want to set up businesses irrespective of nationalities. Foreign investors who want to open Canadian companies as non-residents have several options. They can set up companies and manage them from abroad or by moving to Canada. In this webinar, we shall focus on foreign companies and corporations intending to do business in Canada.
Key Takeaways:
- Payroll Taxes
- Transfer Pricing
- Global Intangible Low Taxed Income
- Controlled Foreign Corporation
- Base Erosion and Anti-Abuse Tax
- Covid Impact and Measures
Impact of TCJA,TCJATCJATCJATCJATCJATCJATCJATCJATCJAtradingwork567
Impact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJAImpact of TCJA
Sponsored by our partners at Taxwise and Ashfords, this event consists of a variety of topics that our clients are telling us are giving them the biggest challenges.
For a Step by Step guide on Forming your business
Legally forming your new business can be a daunting task especially with how confusing government websites are. Luckily, SmartUp has made an introductory workshop along with a step by step guide.
To access the guide please visit: https://www.smartuplegal.com/learn-center/entity-formation-step-by-step-guide-new-georgia-business/
This workshop focuses on:
-Forming a startup of your own
-Obtaining a job with an existing or startup company
-Embarking on a freelance career
Explain what to look for with each scenario:
-Existing employers: What you should know about employee or contractor agreements
-Freelancing: Good practices from a legal standpoint
-Own startup: What should be done first?
Explain what they can do themselves vs. when they should look for professional advice:
-Provide a list of things that you can do yourself, with links and instructions for each
You will leave this workshop feeling a lot more confident on how to move forward with your business.
Canadian Incorporation - Nonprofit, Charity, etc.CareerSkills
Our volunteer prepared this presentation about options for incorporating our organization back in the early days. It includes requirements, legal and financial considerations, and a bit more info.
***We are not experts, this is our experience only, please do not consider this professional advice and please don't sue us if it's inaccurate and/or when you use it things don't turn out well!
Demystifying SRED and Other Tax Tips for Entrepreneurs - MaRS Best PracticesMaRS Discovery District
It’s tax time again, but MaRS Best Practices series has great news for startups and entrepreneurs! There is a wide range of business incentives available to offset various expenses incurred by entrepreneurial companies, from startups to established companies exporting products or services.
In this session, Welch’s Business Incentives leader, Terry Lavineway, will describe the process that entrepreneurs should employ when identifying and leveraging these incentives and an approach that can maximize access to this source of capital. He will provide detailed information on some of the more significant incentives available, including scientific research and experimental development (SRED) and digital media refundable credits.
Additionally, Bryan Haralovich, Welch’s Technology Service Sector leader, will provide an overview of the income tax compliance requirements imposed on entrepreneurs. This includes what must be filed, the timing of filings and the information required to complete the filings. He will address tax tips such as corporate structure, shareholder planning, international tax considerations and exit planning.
Similar to Doing Business in Canada - What you Need to Know (20)
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When to get professionals involved
Making the outcome positive
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Debt forgiveness
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This webinar will feature Micheal Burch- Welch LLP Managing Partner, Zoran Vranjkovic- Welch LLP Partner, Daniel Sobel- FAAN Advisors Group Managing Director, and Naveed Manzoor- FAAN Advisors Group Managing Director.
With the plethora of data being generated, proper data management is crucial for you and your company.
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- Types of Clouds
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Your application to become a registered charity has been approved, but do you know the rules charities have to follow? Here are the top 10 compliance issues that registered charities face.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
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Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
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Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Business Valuation Principles for EntrepreneursBen Wann
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
2. Ground Rules
Questions
Windows
•
•
•
•
Mac
Tablet
Attendees are in listen-only mode
This webinar is being recorded for future on-demand playback
Your participation represents acknowledgement that we are recording
Tweet questions & comments to: #WelchCanada
3. Presenters
Mona Tessier, CPA, CA
Senior Manager, Indirect Tax
mtessier@welchllp.com
www.welchllp.com
ca.linkedin.com/pub/mona-tessier/30/a3b/98
Don Scott, FCA
Tax Partner, Director of Tax Services
dscott@welchllp.com
www.welchllp.com
ca.linkedin.com/pub/don-scott-fca/24/714/256
Jamie Hollingworth
Associate of Gowlings
jamie.hollingworth@gowlings.com
www.gowlings.com
ca.linkedin.com/in/jamiehollingworth
4. What we will cover today
•
Sales Tax Regimes in Canada
•
Carrying on Business in Canada
•
Corporate Income Tax
•
Business Structures
•
Sales Tax Considerations
•
Employee Considerations
•
Other Legal Issues
5. Sales Tax Regime in Canada
There are two levels of sales taxes:
Level One
National sales tax called Goods &
Services Tax or GST
• applicable to most transactions
occurring within Canada
• same rules regardless of where
the transaction occurs within
Canada.
6. Sales Tax Regime in Canada
Level Two
Provincial Sales Tax
•
•
•
•
•
Applies to transactions that occur within specific
provinces in Canada.
Varies from province to province.
Some provinces have no provincial sales tax.
Other provinces have harmonized their provincial
sales tax with the federal GST.
o The harmonized tax regime is called HST.
o HST is exactly like GST except the rate is higher
to provide for a provincial component.
QST is a provincial sales tax
o Only applicable to transactions occurring in the
province of Quebec.
7. GST Registration Requirements
• Requirement to register and
collect GST/HST if making taxable
supplies in Canada while carrying
on a business in Canada.
8. Carrying on business in Canada
• Canada Revenue Agency policy statement publication P-051R2.
• List of factors used to determine whether a non-resident person is carrying on business in
Canada for GST/HST purposes:
the place where agents or employees of the non-resident are located;
the place of delivery;
the place of payment;
the place where purchases are made or assets are acquired;
the place from which transactions are solicited;
the location of assets or an inventory of goods;
the place where the business contracts are made;
the location of a bank account;
the place where the non-resident's name and business are listed in a directory;
the location of a branch or office;
the place where the service is performed; and
the place of manufacture or production
9. Carrying on business in Canada
• If in doubt, voluntary registration is an
option.
• Risk associated with not registering
when required
deemed to have collected the tax
even if not collected
• Permanent establishment is not
necessary to be considered to be
carrying on a business in Canada for
GST/HST purposes.
10. Corporate Income Tax
•
Carrying on business in Canada
•
Tax treaty
•
Physical Presence
•
Permanent Establishment (P.E.)
•
U.S. – “Services” Provisions
11. Corporate Income Tax
• No P.E. / Not taxable in Canada
• Must file tax return
• Annual Penalty - $2,500
• Regulation 105 withholding tax
12. Corporate Income Tax
• Yes P.E. / Taxable in Canada
• File tax return
• Tax rate 25-31% (Depending on Province)
• Lower tax rate if 50% Canadian ownership
14. Business Structures
1. Sole Proprietorship
•
Simple, easy to establish
•
Profits flow through to the
individual owner
•
Liability of the Business is the
liability of the individual operating
the business
•
Limited tax planning possibilities
15. Business Structures
2. Partnership
•
Two or more individuals or entities carrying on business together for profit
•
Under provincial jurisdiction
•
Partnership not a distinct entity for tax purposes
•
2 main types:
o
General Partnership
o
o
Each partner liable for the debts and obligations of the partnership (unlimited)
Limited Partnership
o
Composed of at least one general partner and any number of limited partners
o
General partner manages affairs and has unlimited liability
o
Liability of limited partners limited to amount of capital contribution
16. Business Structures
3. Corporation
•
Most common business structure
•
Distinct legal entity with all legal abilities of a natural person
•
Limited liability for shareholders, ease of transfer of
assets, and perpetual existence
•
Incorporate Federally or Provincially
•
Residency Requirements for Directors
o
25% Canadian for Federal and Ontario Corporations
17. Business Structures
3. Corporation (cont’d)
•
Director Liability
o
Personal liability for unpaid employee wages and vacation pay, failure by corp. to remit
source deductions and EI/CPP contributions, misrepresentations in public disclosure
documents etc.
o
Can limit liability using unanimous shareholder agreement (or shareholder declaration)
and indemnity agreements
•
Director and Shareholder meetings
o
•
In person or via written resolution (must be signed by all)
Unlimited Liability Companies
o
Alberta, BC and Nova Scotia only
o
Shareholders personally liable for all liabilities of the company
18. Business Structures
4. Branch Operations
•
Foreign company can conduct business in Canada
through a branch operation (may require a license
or business registration)
•
Not a distinct legal entity – parent company
exposed to debts, liabilities & obligations of
Canadian branch
19. Corporate Income Tax
• Branch (if no Canadian Sub.)
• Transfer pricing
• Repatriating profits
20. Branch
•
Determine profit of branch
•
Allocation of expenses
•
Foreign entity registers with CRA / Files tax returns
•
Branch Tax
21. Transfer Pricing
•
Respective governments concerned
about shifting profits
•
Various methods
•
Contemporaneous documentation
•
Transfer Pricing Study
•
Management Fees
o
Withholding tax – 25%
o
Not if cost recovery
22. Repatriating Profits
•
Branch tax
•
Interest paid to foreign owner
o Thin Capitalization
o Withholding tax - 25% / 10% / 0%
•
Dividends paid to foreign owner
o Withholding tax – 25% / 15% / 5%
23. Sales Tax Considerations
• GST/HST returns must
be reported in Canadian
currency
• Security requirements
when no permanent
establishment = one half
of the net tax for a year.
24. Provincial sales tax considerations
• Four Canadian
provinces have a
separate provincial
sales tax regime.
Quebec
British Columbia
Saskatchewan
Manitoba
26. Employee Considerations
General rule: employment income earned in Canada is taxable in Canada
regardless of whether the person is employed by a Canadian employer or a
non-resident employer.
Tax treaty may override the general rule
Example:
Canada US treaty – employment income will not be taxed in Canada if…
a) Total earnings of the employee while in Canada does not exceed $10,000
per calendar year; or
b) The employee does not spend more than a total of 183 days in Canada in
any twelve month period and whose remuneration is not paid by the
Canadian subsidiary and the cost is not borne by any permanent
establishment in Canada.
Other treaties may also come into play for example social security agreements
27. Employment Law
Employment Relationship
•
More favourable towards the employee
•
Employment relationship based on contract (or assumed contract)
Termination of Employment
•
No employment “at will” concept in Canada
•
Termination Without Cause
o
Must provide reasonable notice or pay in lieu
o
o
common law
o
•
statutory minimums
contract
Termination With Cause
o
Difficult for employer to prove
•
Resignation
•
Resignation due to constructive dismissal
28. Employment Law
Restrictive Covenants
•
Non-solicitation and Non-competition clauses
o
Difficult to enforce in Canada (especially non-compete)
o
Must be reasonable in terms of duration, scope and
geographical limits
o
Strong public policy interest in Canada in permitting
individuals to work freely in the marketplace
Other Employment Issues:
•
Employment Standards legislation
•
Human rights codes
•
Employment Equity legislation
•
Public Health Insurance (medicare)
o
•
Payroll tax in Ontario and Quebec
Quebec Charter of the French language
29. Other Legal Issues
Other legal issues to be aware of when doing business in Canada:
•
Immigration and Work Permit Considerations
•
Advertising and Marketing (packaging and labelling)
•
Competition and Anti-trust law
•
Regulation of Foreign Investments
•
International Trade (import/export, anti-dumping, controlled goods etc)
•
Environmental Protection
•
Intellectual Property
•
Privacy Law
•
Bankruptcy and Restructuring
•
Franchise Law
Visit http://www.gowlings.com/Services/doing-business-in-canada for more information.
30. Q&A
Mona Tessier, CPA, CA
Senior Manager, Indirect Tax
mtessier@welchllp.com
www.welchllp.com
ca.linkedin.com/pub/mona-tessier/30/a3b/98
Don Scott, FCA
Tax Partner, Director of Tax Services
dscott@welchllp.com
www.welchllp.com
ca.linkedin.com/pub/don-scott-fca/24/714/256
Jamie Hollingworth
Associate of Gowlings
jamie.hollingworth@gowlings.com
www.gowlings.com
ca.linkedin.com/in/jamiehollingworth
Editor's Notes
Darryl
Mona TessierBefore joining Welch LLP in 1997, Mona’s public accounting background included four years as an Auditing & Accounting Manager and GST specialist at BDO Dunwoody plus an additional 8 years at a small local accounting firm.Currently, Mona provides commodity and payroll tax advice to her clients in various industries. Mona has worked on commodity tax reviews for several national and Ottawa based not-for-profit organizations as well as some for-profit organizations. In addition, she has given presentations through various organizations on Income Tax for the Self-Employed & Financial Accounting for Small Businesses. Mona has also instructed GST/HST courses on behalf of the Institute of Chartered Accountants of Ontario.Don, a partner & Director of tax services at Welch LLP, is nationally recognized for his extensive knowledge in the area of Personal and Corporate Tax Planning. He is responsible for creating Welch LLP’s quarterly newsletter, INSIGHTS-a tax and financial planning guide for current and potential Welch LLP clients. Don authors the annual Income Tax Update course, which is taught nationally through the CA professional development program and teaches various specialized tax courses for the CICA and ICAO. He is a mentor to students within the firm that are working towards their CA designation and most recently has taught an introductory tax course at the University of OttawaJamie’s practice focuses on corporate finance transactions and mergers and acquisitions, primarily involving technology companies. He has experience representing venture capital and private equity investors in debt and equity financings and exit transactions. He also has experience representing companies at various stages, from start-ups to large public corporations, assisting them with their corporate governance requirements and day-to-day legal needs.Prior to joining Gowlings, Jamie worked as in-house counsel at a large wireless communications company primarily focusing on mergers and acquisitions. Previously he was an associate in the corporate law group of a national law firm in its Ottawa, Ontario office.
MonaRequirement to register to collect sales taxes in Canada will depend on level of activity in Canada. Opening - Are there requirements for a non-resident company to register for sales tax?
Mona
Mona
Mona
Mona
Don (transitioning from sales tax to income tax)
Don
Don
Jamie
Jamie
Jamie
Jamie
Jamie
Jamie
Don
Don
Don
Don
Mona
Mona
Mona
MonaDarryl – ask – What if the business wants to bring employees into Canada?
Jamie
Jamie
Jamie
1. Don mentioned a PE services provision in the US/CDA tax treaty – could he provide a little more detail about that provision?2. It was noted that, in most cases, there is no withholding tax on cross-border interest payments – when would there be a withholding tax?3. Are there any situations where a non-resident would be required to register for GST even if the non-resident is not carrying on a business in Canada?4. What if I register my company for GST and then stop doing business in Canada?