Maroof HS CPA Professional Corporation, Toronto

Day: March 24, 2022

March 24, 2022

Cross border tax issues for U.S. persons with Canadian Corporations who are CFCs.
U.S. Income Tax

Controlled Foreign Corporations (CFCs)

The U.S. tax system went through a major overhaul as a result of the Tax Cuts and Jobs Act (TCJA). Beginning in 2018, the U.S. taxes individuals on worldwide income whereas corporations on a Quasi-territorial

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