Maroof HS CPA Professional Corporation, Toronto

Canada@MaroofHS.com | 320 Bay St, Suite 469, Toronto ON M5H 4A6 Canada

Tag: CFCs

CFCs

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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GILTI and US citizens shareholders of Canadian corporations
U.S. Income Tax

Understanding GILTI – For US Expats in Canada

Global Intangible Low-Taxed Income – Simplified! The Tax Cuts and Jobs Act of 2017 (TCJA) brought major changes to the U.S. tax system. With these changes come additional complications for U.S. citizens and resident aliens. 

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