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Conducting Business in Canada

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10 July 2008 - 2:43pm
Andrew Parkin
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I am looking at running a business registered in New Zealand while living in Canada. It will be a service based business for New Zealand customers, registered in NZ.

Will I run into any tax problems with this model?

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10 July 2008 - 4:55pm
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Phil Astley
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Re: Conducting Business in Canada

Hi Andrew

> I am looking at running a business registered in New Zealand
> while living in Canada. It will be a service based business for
> New Zealand customers, registered in NZ.

> Will I run into any tax problems with this model?

Well, the first issue is where are you tax resident? I assume you'll be in Canada for some time? If you're tax resident in Canada your world-wide income is almost certainly taxable in Canada.

You haven't said whether the business a company - but if so you need to get it's tax residence sorted out. Chances are it's also Canadian - but you really want to get professional advice on this sort of issue.

Best wishes

Phil Astley
www.businessacademy.co.nz

Phil Astley
www.businessacademy.co.nz

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