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US LLC Taxation in Canada
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Finance & Management > Tax Services

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  • Posted: Wed, May 30, 2012
  • Time Left: Closed
  • Location: Canada
  • Client prefers freelancers from:
    Canada

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    a different location.

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  • Start: Immediately
  • Budget: Less than $500
  • Fixed Price Job
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  • W9 Not Required
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Hello I have some legal questions regarding LLCs

I am a Canadian citizen who resides in Canada. I have set up an LLC in the US state of Delaware (Foreign bodies are allowed to have an LLC in Delaware without being a US resident or even having a physical presence in the US). I am the sole owner of the LLC and do not offer dividends or shares.

1) When I bring the money back to Canada how is it taxed? I read something about using foreign tax credits to help prevent double taxation but I don't know how they work or how I can apply for them.

2) Are there other ways to prevent double taxation and other strategies to help reduce the amount of taxes I have to pay when I bring the money into Canada?

3) Do I only file the taxes in Canada once a year or is it also done quarterly (LLCs in the states have to file quarterly tax estimates)

4) How do I prevent my LLC from being seen as a shell company (I want to avoid being called out for fraud or tax evasion)

5) Lastly since I'm paying ...

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