LIABILITY FOR UNREMIITED WITHHOLDING AND TAXES
Corporate officers and directors may be held responsible if any withholding tax or outstanding tax is not remitted to the CRA (Canada Revenue Agency).
RESIDENCE OF CORPORATION FOR TAX PURPOSES IN CANADA
INCORPORATED IN CANADA
Corporation registered in Canada after April 26, 1965 are deemed to be resident of Canada for tax purposes.
NOT INCORPORATED IN CANADA
Corporations not incorporated in Canada are deemed to be a resident of Canada of Canada for taxation purposes if their central management and control of the corporation reside in Canada. Central management and control rest with the members of the board of directions and where they meet and hold their meetings.
