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| *The Commerce Journal>>>Canada Taxes |
Living in Canada and owning a private business, I want to purchase a condo in the US under it. What do I do? |
Basically, I would like to operate the business from there. Is this a good idea? Are there tax benefits? Are there any tax procedures? You'll need to check US tax and other laws for the area you want to operate. You'll need a business license, other permits, and you'll probably need a visa in order to do any work from there. |
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This is simple...The tax dept doesn't care what your name is, it is the Social insurance number (S.I.N.) that they go by On the front of the tax form is a place to indicate marital status,... You cannot get the PST back. Never could. You used to be able to get the GST back, but I believe that was stopped about 2 years ago. ...It's on the bank of Canada website but the average rate for the year was 1.0747. ...If south africa considers u a non resident, it would do so if u are a cdn resident, or a resident of some other country. South Africa adopts similar "ordinarily resident" approach as in ... $3500 for inspection visit appears a lot, and only a reaonable amount is deductible, or capitalised as condo cost. And condo fees, prop tax and insurance are deductible only if the condo is used e... I'm not even sure you can deduct food in this situation. Lodging yes, but not food, that's a living expense. In any event, you need receipts. ...Probably not. You walk on their sidewalks and public buildings every day, and use their federally-funded transportation networks, benefit from the security their border patrol and policing programs... The CRA has interpreation bulletin on this topic.... |
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