How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask bkb1956 Your Own Question
bkb1956
bkb1956, Tax Preparer
Category: Canada Tax
Satisfied Customers: 2863
Experience:  Tax preparer with 18+ years of experience
71603090
Type Your Canada Tax Question Here...
bkb1956 is online now
A new question is answered every 9 seconds

We have a US business that operates 100% online (Web design)

Customer Question

We have a US business that operates 100% online (Web design) and are interested in opening a second Company in Canada but would like to know what are the best option in terms of taxes.

Shall we incorporate in Ontario or BC ? or Quebec ?

Our clients buy our services through internet - 90% of them are from the USA and the rest are overseas.

We need to understand what are the cheapest options in terms of Taxes (provincial and federal) in Canada.

What options do we have ?

Submitted: 1 year ago.
Category: Canada Tax
Expert:  bkb1956 replied 1 year ago.
Welcome to Just Answer. My name is ***** ***** I will be happy to assist you today.
The federal corporate tax rate is 15%. Tax rates differ from province to province.
The following links contain excellent information which you will find helpful:
http://www.cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/rts-eng.html
http://www.kpmg.com/ca/en/issuesandinsights/articlespublications/pages/taxrates.aspx
After you review the information I have provided, please come back to me here if you have any other questions or concerns.
Thank you and best regards,
Barb
Expert:  bkb1956 replied 1 year ago.
At my end, it shows you are offline.
Further to my initial response, please see the information contained in the following links which will be helpful to you as well:
http://sbinfocanada.about.com/od/incorporation/f/Provincial-Versus-Federal-Incorporation.htm
https://www.newbusinessnow.com/article/selecting-a-jurisdiction-of-incorporation-in-canada/
I realize this is a lot of information, but I want you to have as much information as possible before making your decision.
Best regards,
Barb
Expert:  bkb1956 replied 1 year ago.
Just following up with you to see if you have any other questions. If so, please come back to me here, and I will be happy to assist you.

Best regards,
Barb

Related Canada Tax Questions