US employers who send US-based employees to work on assignment north of the border in Canada are likely to come into contact, directly or indirectly through their employees, with a number of tax, economic and regulatory challenges. Executives managing their company's expatriate employees need to be aware of these issues.
This article, written by the global mobility experts at Alliott Group member firms Farkouh Furman & Faccio (New York, NY) and Hardy, Normand & Associés (Montreal, Canada) provides a quick overview of some of the more common issues that can crop up when seconding an employee to Canada. Read on to find out more about the differences in US and Canadian tax laws and what this means in terms of compliance for the US expatriate employee spending time in Canada. This article explores issues related to compensation, social security, tax equalization, retirement plans, the filing of Canadian and US tax returns and departure tax on leaving Canada.
Read the full article at: https://www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/tax-issues-us-employees-assignees-going-to-canada/
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.