JA N UA RY 2016
4 BCBusiness JANUARY 2016 CloCkWiSe fRom Top: pAUl JoSepH; CoURTeSY of RoCkY moUNTAiNeeR
contents
Out of Office
57 TRAVEL
All aboard the world's
favourite train ride
(and B.C.'s best-kept
tourism secret)
61 AbouT Town
Photos from the gala-with-
the-longest-name-ever
62 LunCH wITH LuCy
Rock 'n' roll climate guy and
UBC professor James Tansey
The Monthly Informer
13 TECHnoLoGy
Why even drone manufacturers
think regulation is overdue
14 FILM
B.C.'s film and TV industry is
getting a big boost from a low
loonie. But for how long?
15 nuMERoLoGy
Does new water legislation
create more problems than
it solves?
17 THE ConVERsATIon
B.C.'s top woman in Ottawa—Justice
Minister Jody Wilson-Raybould
21 D-I-y MAnAGEMEnT
Think you can get your message
into BCBusiness? Read this first
23 THE AGEnDA
Nourishment for the corporate
mind and soul
chatter
Editor's Desk Who owns us p.8 ... Feedback What you said p.11
not a bird,
not a plane
Noam Kenig, of AerialX
Drone Solution Inc., with
his HummingBird drone
Q: I am planning to move to British
Columbia from the United States.
What do I need to know from a tax
perspective?
A: If you are a US citizen, you will
continue to have income tax fi ling
obligations in the US. As a resident
of Canada, you will also be subject to
Canadian income tax on your worldwide
income. It may be possible to reduce the
burden of double taxation through the
application of foreign tax credits and
treaty exemptions.
Q: British Columbia is a great market
for me to expand my service business
from the United States. How will my
operations be taxed?
A: The short answer is: it depends. Your
operations will be subject to varying
levels of income taxation depending on
whether your specifi c circumstances
lead you to be "carrying on business" or
have a "permanent establishment" in
Canada. Determining factors will
include whether you have a physical
presence in Canada, whether you solicit
and complete orders in Canada, and
how long your employees and subcon-
tractors spend in Canada performing
services.
And don't forget about the possible
payroll and sales tax implications
.
ASK AN ADVISOR
L: Norm MacKay, CPA, CA R: Brent Hoshizaki, US CPA, CA
Offi ces located in Vancouver & Abbotsford, British Columbia, Canada
Visit us at www.manningelliott.com
Have Additional Questions?
Call 604-714-3600
Navigating the complexities of the global
economy requires expert tax planning. If
you are planning a move or an expansion
into Canada, contact a member of our
Cross-border or US Tax team today.
