On May 19, 2020, Canada Revenue Agency (CRA) released guidance on international income tax issues raised by the COVID-19 crisis and travel restrictions. The exemptions and exceptions may provide some relief to businesses impacted by COVID, and apply March 16 through June 29, 2020; the CRA may extend them if needed or rescind them if no longer required. These exemptions may apply to taxpayers including international employers, expat or cross border employees, non-resident sellers of Canadian Real Estate and foreign corporations with Canadian Directors.
The CRA international income tax guidance covers:
- Income Tax Residency - corporations and individuals
- Carrying on business in Canada/permanent establishment
- Cross-border employment income
- Waiver Requests – Payments to non-residents for services provided in Canada
- Disposition of taxable Canadian property by non-residents of Canada
The CRA will consider whether a particular tax issue has arisen as the result of Canada's travel restrictions on a case-by-case basis.
How Can Ackah Law Help Your Business Thrive?
If you have questions about cross border business, international travel or immigration applications during the coronavirus restrictions or for post-lockdown business, contact Ackah Law today at (403) 452-9515 Ext. 100 or 1-800-932-1190 or email contact@ackahlaw.com.
