Tax Help! Canadian LLC owner

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bizopNew Member
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Joined: 13 Oct 2011

Tax Help! Canadian LLC owner

Post Thu Oct 13, 2011 5:27 pm

Hi, I am new so my apologies if this topic was already posted, although I can't seem to find anything at the moment.

I need some advice on taxation for an LLC I set up in the USA.

I am a Canadian, living in Canada but recently set up a Single Member LLC in the States. I have an online business and it was easier to pay my contractors with an American bank account since they are all American. I have no Canadian employees at this time, so I was advised to set up the LLC.

My question is this - if I live in Canada, work in Canada (since it is an e-business there is technically no set office in Canada or the US), but my income is coming from my LLC's American bank account, how do I go about paying myself and claiming taxes without paying twice? Am I considered Self Employed in Canada even though I own the company? Since the business is brand new (established 2 months ago) I am not sure my gross income, but I would ballpark it at around $100,000/year.

Furthermore, is it necessary to create an affiliate company here in Canada to avoid legal and tax issues?

Many thanks! :D
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agnelsonCanuckAbroad VIP
Posts: 3264
Topics: 1
Joined: 26 Aug 2009

Re: Tax Help! Canadian LLC owner

Post Thu Oct 13, 2011 6:39 pm

forums.serbinski.com
This site is a travel site and not best source for these topics:
TN and TD info: http://forums.immigration.com/forumdisp ... -TN-Status
For US/Cdn taxes and SS/CPP:forums.serbinski.com/index.php
US Marriage-based Immigration: visajourney.com
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