US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘US Corporation’

Steven Flynn

US Transition Tax – Next Update

On April 2nd, the IRS and US Treasury issued more guidance on the US Transition Tax enacted by the Tax Cuts and Jobs Act (“TCJA”) in December 2017.  As the US moves to a territorial tax system for profits earned outside the US, this provision assesses a tax rate on accumulated earnings and profits in specific non-US corporations owned by certain US corporations and US individuals. Our previous blog entries explaining the tax and IRS/US Treasury updates can be found… Read More


Canadian Business Investment in the US

The US is a natural market for Canadian businesses.  While there are many similarities between doing business in Canada and the US, it is the differences that require your attention.  Canadian corporate tax rates are about a third lower than their equivalent in the US, about 25% versus 35%, plus state income tax.  If you consider that Canadian corporate tax rates can be as low as 13½% on the first $500,000 of taxable income, the difference if is even greater.… Read More