By Ecompanies Canada Unlocking New Opportunities: The Benefits of Setting Up a Canadian Subsidiary As a global business, expanding into new markets can be a key driver of growth and success. One market that is often overlooked, but offers a wealth of opportunities, is Canada. With its highly developed economy, favorable business environment, and strategic […]
Tag Archives | Registering a Company in Canada
Filing and Reporting Requirements
Canadian residents are required to file an annual Canadian income tax return with the Canada Revenue Agency (CRA) and to report their worldwide income. Canadian residents are also required to file information returns with respect to certain foreign property interests, as well as certain transactions with non-arm’s length non-residents or transactions with foreign trusts. Corporations […]
Canada Income Tax Rates
Federal taxes on personal income are marginal, increasing with the amount of income. The federal marginal tax rates for individuals are: 15 percent on the first C$46,605 of taxable income; 20.5 percent on the next C$46,603 of taxable income; 26 percent on the next C$51,280 of taxable income; 29 percent on the next C$61,352 of […]