Cross-Border Tax Planning
Tax planning is an important part of your company’s growth and so are cross-border operations. The desire to broaden the reach of your business might lead you to invest in American assets, for example. However, because you need to make sure you are complying with tax regulations on both sides of the border, matters are complicated.
Cross-border tax planning refers to the employment of financial strategies in order to minimize tax liability for individuals and businesses who deal with assets on both sides of the border. Whether you’re investing, doing business, or planning to move across the border, you’ll do well to seek the help of a well-rounded financial advisor that is familiar with international tax regulations.
The main objectives of cross-border tax planning are to avoid double taxation in Canada and the United States, to comply with both the CRA and IRS and of course to minimize personal and corporate tax liability. Tax season is already quite the headache for most people. With the business of day-to-day life, especially as a business owner, you may not have the time to do research on international law. To avoid wasting time or worse, making a major error, it’s best to seek the help of professionals. With over twenty years of experience dealing with cases like yours, Harv S. Mand will handle your cross-border tax planning at an expert level. Call us to learn more.