OBJECTIVE:
Participants will acquire relevant knowledge about common questions from Canadian entrepreneurs expanding their businesses into the United States. Some of these questions concern basic taxation issues and filing requirements associated with different business structures, the appearance of common U.S. corporate tax filings, IRS requirements associated with cross-border payments, and common U.S. state and local tax issues.

WHO WILL BENEFIT:
This seminar will benefit the following groups of attendees:

• Practitioners with limited exposure to U.S. taxation 
• Professionals who want to improve their understanding of U.S. corporation taxation issues and filing requirements
• Practitioners who wish to provide basic taxation advice to clients expanding their businesses into the United States

LEARNING OUTCOMES:
After taking this seminar, participants should gain the ability to

• evaluate basic cross-border structures and identify potential U.S. taxation and filing issues.
• analyze how the Canadian-United States Income Tax Convention potentially provide relief to Canadian taxpayers.
• analyze business procedures to identify basic U.S. State and Local Tax concerns.
• review and evaluate U.S. corporate returns.

CONTENT:
This seminar provides learners with information about the following topics: 

• Overview of the relevant laws, including U.S. Internal Revenue Code, Canada-United States Income Tax Convention, and Canadian Income Tax Act
• Overview of treaty protection, including Article V Permanent Establishment, Article VII Business Profits, and withholding rates modifications
• Forms of business in the United States
• Overview of the U.S. corporate tax return, including Form 1120, Form 1120-F, Treaty Based-Form 1120-F, filing deadlines, estimated tax requirements, and non-compliant penalties
• Case studies of sample Form 1120 and Treaty-Based Form 1120-F
• Computation of taxable income, including basic revenue sourcing rules, basic revenue recognition procedures, common expenditures, and basic depreciation calculations
• Transactions between U.S. subsidiaries and Canadian shareholders
• Limited scope overview of state and local taxation 

PREREQUISITES:
Participants enrolling in this seminar should possess some understanding of Canadian international tax principles, in particular, how Canada taxes Canadian enterprises on the repatriation of American profits. However, this seminar does not target international or U.S. tax specialists who are required to prepare complex U.S. corporate tax returns or provide in-depth advice to clients on U.S./international tax matters.

WHAT TO EXPECT:

• Two emails will be sent from CPA Saskatchewan following your registration: one to confirm your order and one including information on how to access the course through PD Connect. 
• Once sent, these emails can also be found in the Communication tab of your CPA Saskatchewan Member Portal.
• Watch a qualified CPA instructor and receive a copy of the same course material that is provided to attendees of the in-person session. 
• This course is designed for participants to view while following along with the course material provided. 
• This self-study course allows you to save your progress and continue later.
• A certificate of completion will be provided upon successful completion of the course and quiz. 
• Registration for this course is open until March 31, 2025, and access will be available for 180 days after registration, up to April 30, 2025.