International Tax

Business Operations in Canada (Portfolio 7050)

  • Tax Management Portfolio, Business Operations in Canada, No. 7050, contains general information and tax rules to enable United States and other foreign businesses to understand the commercial and tax law likely to be of concern to them in their business dealings with Canada.

Description

Tax Management Portfolio, Business Operations in Canada, No. 7050, contains general information and tax rules to enable United States and other foreign businesses to understand the commercial and tax law likely to be of concern to them in their business dealings with Canada.

Among the non-tax matters covered in the Portfolio are the formation and operation of business entities, anti-trust or combines law, NAFTA and legislation dealing with review of foreign investment in Canada, which may be of particular interest to foreign businessmen.

The rules of income taxation are covered with particular emphasis on problems likely to be encountered by foreign businesses. The discussion of individual and corporate income taxes is based upon the federal Income Tax Act. The discussion of income taxes is directed toward a basic explanation of the Canadian tax system, special rules applicable to corporations, and the taxation of nonresidents. Other sections deal with tax avoidance, the computation of income, and administration of the income tax legislation.

Among the Worksheets are the forms commonly used in connection with the Income Tax Act. For convenience, the text of the Canada-United States Tax Convention (1980) is also reproduced in the Worksheets.

This Portfolio may be cited as Marley and Wooles, 7050 T.M., Business Operations in Canada.

 

Table of Contents

I. Canada and the Canadian Legal System
II. Operating a Business in Canada
III. Establishing a Business
IV. General Private and Commercial Law
V. Regulated Sectors
VI. Principal Taxes
VII. Administration
VIII. Income Taxation
IX. Taxation of Partnerships, Trusts, Corporations
X. Taxation of Resource Income
XI. Tax Avoidance, Tax Evasion and Income Imputation
XII. Tax Treaties

Patrick_Marley
Patrick Marley
Osler Hoskin & Harcourt LLP
wooles_susan_2015
Susan Wooles
Director, International Tax and Transfer Pricing
Bank of Montreal
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