In the realm of Canadian tax law, non-resident trusts (NRTs) present a unique blend of challenges and opportunities, especially after the substantial revisions to Section 94 in 2013. The primary objective of these changes was to curb the avoidance or deferral of Canadian income tax via NRTs. Understanding these rules is crucial for tax planning...
Amalgamation refers to the merging of two or more companies into a new entity or one of the existing companies. Today, we will discuss the amalgamation that involves a parent holding company and its subsidiary operating company. Key Benefits Simplified Corporate Structure: Amalgamation leads to a single entity, reducing administrative complexities and potentially lowering costs...
Embarking on a journey to Canada is not just about embracing new opportunities; it’s about smartly navigating the complexities that come with it, especially in the world of taxation. For Chinese immigrants, the Canadian tax system presents a maze that demands not just understanding but strategic navigation. Unraveling the Mystery of Tax Residence in Canada...