There is always a provision in the income tax law books of most countries that any person who is working and living in a country and is not a resident of that country will have to pay non resident taxes. This is also the case if you live and work in Canada. Any non-resident who is living or working in Canada and who is not a resident of any place in Canada will have to pay nonresident tax according to the regulations and the norms that are printed in the nonreside
Read More.....

Average Rate

When you run a business you need to be clear on matters of business taxation. Like all countries the US imposes a tax on the profit that the US corporations make and the rates vary from fifteen to thirty five percent. Much of the corporate income is often taxed at the minimum rate. Those who are corporate shareholders even pay individual income tax on the dividend as well as on the capital gains that they realiz
Read More.....

Canada has entered into tax treaties with a lot of countries, but none is considered more important that the Canada-US tax treaty. The importance of this treaty is largely because both the countries are neighbors and there are a lot of residents of US are living and working in Canada and vice versa. The first version of the current treaty was signed on September 26, 1980. There have been five amendments t
Read More.....

Tax treaties are agreements that are signed between the two counties to ensure that the residents of the country are not double taxed. There are many residents of a country who work in other countries and will be liable to pay taxes in the country that they work and will also be required to file tax returns and pay taxes in the country that they are a citizen of. In such situations there are possibilities that the individual will be taxed twice for the same income
Read More.....

The number of tax haven countries and territories that are available in the world is on the decline as more and more countries are signing international treaties that will allow them to share the financial information between them and this will bring transparency to the financial transactions that are done across the globe. In general, using such countries and territories was considered as an o
Read More.....