Business Opportunities

Get up to speed on Canada-U.S. tax changes - from RBC
On January 1, 2010, changes to the Canada-U.S. Tax Treaty came into effect. What does this mean for your business? For example: Definition of "permanent establishment" extended. Businesses that provide services in the U.S. may be considered permanent establishments regardless of whether or not they have an established place of business there. As a result, your business may be subject to U.S. taxation. Withholding taxes on cross-border interest payments eliminated. This could reduce your borrowing costs and simplify your bookkeeping. More