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Reading Time: < 1 minute Section 338(h)(10) election allows a transaction that is legally structured as a stock purchase to be treated as an asset purchase for tax purposes.
Reading Time: < 1 minuteOne of the most overlooked differences between Canada and the United States is how depreciation is handled after a business acquisition. This difference has a direct impact on how attractive an asset purchase versus a stock purchase actually is. How Canada Treats Depreciation In Canada: This creates a predictable but
Reading Time: < 1 minuteOne of the most common mistakes is assuming the deal structure is standardized. In reality, U.S. business sales are heavily shaped by tax planning on both sides of the transaction (Canadian and USA).
Reading Time: < 1 minuteIntroduction When Canadians buy a business in the United States, they often focus on price, revenue, and operations. But one of the most important decisions is rarely understood at the level it should be: how the deal is structured for tax purposes. At a high level, every acquisition falls into
Reading Time: 2 minutesCanadians establish a U.S. LLC before becoming U.S. tax residents.
While this structure is often recommended for business and immigration purposes, it comes with compliance requirements that many owners do not discover until it is too
Reading Time: 2 minutesCanadians suddenly find themselves navigating two tax systems at the same time, often with advisors who specialize in only one side of the border.
Reading Time: 2 minutesFor Canadians operating a U.S. LLC on an E2 or L1 visa, inaccurate financial records can create serious challenges when it comes time to renew a visa.
Reading Time: 2 minutesCanadian departure tax is not something you deal with after you leave Canada—it is something that must be planned before you become a non-resident.
Reading Time: 2 minutesCanadian Departure Tax can significantly impact your financial position when you leave Canada, especially if you own investments, corporations, or hold a U.S. LLC.
Reading Time: 2 minutesThe IRS uses the Substantial Presence Test to determine whether a foreign individual should be treated as a U.S. tax resident.
Reading Time: 2 minutesIf you’re a Canadian operating a U.S. LLC on an E-2 or L-1 visa, there is a tax trap that and major advisor blind spot catches many business owners completely by surprise.
Reading Time: < 1 minuteIn most cases, U.S. immigration lawyers or local U.S. accountants lack knowledge of Canadian tax laws, and Canadian accountants are unfamiliar with U.S. tax laws. This creates a dangerous Advisor “Blind Spot”.
Reading Time: < 1 minuteA horrendous idea. Here’s why. If you’re thinking about starting a new business or making a purchase in the U.S. with an E-2 or L-1 visa, your immigration lawyer or local U.S. accountant might suggest forming an LLC. It’s straightforward and provides asset protection. However, they might not realise that,
Reading Time: 3 minutesA mid-year tax check-in is not just about compliance—it is about control. It allows you to adjust strategy, reduce surprises, and make informed decisions before year-end pressure sets in.
Reading Time: 2 minutesIn most cases, U.S. immigration lawyers or local U.S. accountants lack knowledge of Canadian tax laws, and Canadian accountants are unfamiliar with U.S. tax laws.
