Monday, June 12, 2017

US/Canadian Resident, What Should My Business "Location" Be For An Online Business?


I'm a US Citizen and currently a Canadian Permanent Resident. I have and maintain addresses in both countries, but my primary residence is in Canada. I understand US tax laws and understand my US tax liability on foreign income (although with some cross-border tax credits if I pay Canadian taxes).I am currently starting a primarily online based business. I have the ability to collect income in both USD and CAD with my checking accounts and credit card streams. Are there any advantages/disadvantages for where I choose the location of my business to be? Will the US be advantageous to me or Canada? Tax laws, business regulations, etc. Or because I primarily reside in Canada, do I have to make it a Canadian based business?Thanks for any help I can get. via /r/business http://ift.tt/2rUunx0

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