Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

You do have to file 2 tax returns and suffer double taxation for your Canadian corporation. The benefit of a LLC is that it's pass through and reported on your personal tax return. It can minimize tax prep and taxes (YMMV).


Well, it’s not really double taxation because you can just flow through the income to yourself, leading to a loss for the company and a profit to you personally.

But you are correct about the two tax return thing. That is a slight bummer.




Consider applying for YC's Fall 2026 batch! Applications are open till July 27.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: