December 2016 Newsletter
In our December News, you’ll find a spotlight on Canada, helpful expansion tips from our expert global consultant John Galvin, and an interesting article regarding trends in global payroll from one of our valued partners.
Spotlight on Canada
If you are already doing business in Canada or have been considering Canada for your global expansion, now is a great time to make a move. This year, Canada negotiated new trade agreements with eleven countries on the Trans-Pacific Partnership, creating the most comprehensive trade agreement in existence and changing the competitive landscape in Canada. With few barriers to entry and its close proximity to the US, many businesses find Canada is a great place to start with global expansion.
Despite the ease of starting or growing your business in Canada, there are a few factors to consider when expanding there. Canada has strict residency requirements for company board members, as well as tax regulations related to resident vs. non-resident status employees. While Canada is officially bi-lingual English and French, businesses in Quebec are required to communicate in French and comply with a different set of laws and regulations. Having a local partner who can guide you through the language and customs of each province of Canada is vital to ensure compliance.
Ask the Expert: Do U.S. companies always need to setup an entity in Canada?
Global Consultant John Galvin discusses entity set-up in Canada. Read the full article.
International Money Movement – Q&A
Learn more about money movement and trends shaping the industry. Read the full article.