Canadian Tax Rates, Not Quite a Tax Haven for US Businesses

more+
less-

Canada has not historically been known for its favourable levels of taxation. However, in the course of the past decade, corporate tax rates have been steadily reduced with the result that favourable rates of taxation are incurred by corporations with business income in Canada. Indeed, it is likely that significantly lower corporate tax rates will remain in place in Canada as compared with the United States in the near to medium term. Moreover, a favourable tax treaty provides both certainty and a variety of methods for efficiently repatriating profits to the United States. For these reasons, this may be the most attractive time in decades to consider expansion and business opportunities in Canada.

This update will provide a brief overview of the taxes incurred by a corporation subject to tax in Canada.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lawson Lundell LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »