Quote:
Originally posted by notjoe
From what i can gather you're forced to pay double taxes.
1) Taxes to the country where the company resides
2) Taxes when you bring the money into Canada
Am i wrong here?
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I'm not sure exactly how Canada works but I see absolutely no reason you should pay double tax. I think this would work.........
You have a corporation in country X. Your corp only pays taxes on net income. Well, if you take a check to yourself from the corp for $x.xx that is a write of to the corp. So if the company paid you $5,000 you would pay personal tax where you live on $5000. You'd write the $5000 off as an expense so the corp wouldn't pay taxes on it.
I really don't see why this wouldn't work, a corporation is a seperate entity taxwise.
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