Cross Border Tax Consultants

Canada is a top immigration destination for people across the world; both from developing and developed countries. There are many positive sides to immigrating to Canada. One of the areas where all the new immigrants dread while coming to Canada is “Income Taxes”! Yes, individual income taxes or personal income taxes, are extremely high in Canada as compared to the neighbouring United States. This is even higher for those coming from the middle eastern countries with no income taxes at all. So if you are moving from a country where there are no income taxes such as the United Arab Emirates or other gulf countries, you must prepare yourself to start paying income taxes. You can take a couple of steps before immigrating to Canada such as: 1. Establish your date of change of residency. Tax residency and immigration residency are two different things. 2. Try to realize Capital gains before the date of immigration. If not, arrange for the fair market value of all of your assets as of...

 Not sure where to set up your research centre? Canada might be your go-to. For a while, Silicon Valley in the United States has been a Research and Development hub in the World. But, it may no more be the same. Bloomberg's September 2020 report emphasizes the problems with R&D incentives in the States and why businesses are moving their R&D centres to Canada. But why are foreign businesses setting up their R&D centres in Canada? Canada offers generous R&D Tax Incentives. As a young entrepreneur, setting up a business is no easy feat, but if it's in Canada, you're in for plenty of benefits. By international standards, Canada provides the most attractive R&D treatment. Though the U.S. is one of the top tech hubs since the tax systems are not so generous as that of Canada, there is a drastic shift and a new trend in the way businesses are setting up their R&D centres. Factors such as high business taxes, corporate culture, cost of living, and vari...

 Are you looking to expand your business internationally? Investing in Canada is one of the easiest and the best place. If you're planning to start a business or looking to expand internationally? Here is what you need to know. There is a multitude of opportunities in Canada, right from political stability to urban infrastructure. Fortune 500 companies plan to expand their businesses to Canada, which shows Canada is the best country to invest in. Canada has the soundest banking system among the G7 countries and ranks sixth out of 141 countries. Did you know Canada has the lowest tax rate on new business investments out of the G7 countries? as reported by the Finance Canada Calculations and OECD Tax Database, November 2019. Whether you're an entrepreneur planning to set up your start-up or an existing business trying to expand by setting up an R&D centre, Canada is the right country for you. It offers tons of perks and also provides various opportunities to grow. The G...