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by michelmyara
143 days ago
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This is a win from a tax perspective. Canadian founders pay Canadian income tax on their salary, regardless of where the company is incorporated. The Delaware C corporation pays its own income tax in the US using form 1120. The personal tax rate is the same. The corporate tax rate is actually lower. US: 21% (federal only).
Canada: 23% to 31%, depending on the province. I'm the co-founder of looch, a US SMB financial platform. Our Delaware incorporation package is $249, all-in. https://looch.money/start |
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