A taxpayer’s residency will govern the extent of Canada’s jurisdiction to tax. Accordingly, as with non-resident individuals, a non-resident trust is not taxable in Canada unless it derives Canadian source income. However, in certain circumstances, a non-resident trust can become subject to Canadian tax on its worldwide income, if it is deemed to be resident […]
Tag Archives | Canada Company Registration for Foreign Companies
Canadian tax on a non-resident’s business income
The imposition of Canadian tax on a non-resident’s business income is typically dependent on whether the business activity is sufficient to create a taxable presence in Canada. A non-resident’s income from a business will be taxable if the non-resident “carried on a business in Canada”. The question of whether or not a business is being […]
Directors’ Residency Requirements for Canadian Corporations
The federal Canada Business Corporations Act (the CBCA) requires that at least one-quarter of the directors of most federal corporations be resident Canadians. For provincial corporations, here is a list of the requirements: Alberta Directors’ residency requirements: YES At least 1/4 of the directors of a corporation must be resident Canadians. British Columbia Directors’ residency requirements: […]