I am wondering if anyone has some insight. As a Canadian investing in the US... which is the best type of entity to go with? It would be myself and my wife forming the partnership.
I have heard that LLC is not recognized in Canada for tax purposes. So which type of entity would protect us as well as help us to avoid double taxation?
I’m not a tax expert, but I’d definitely recommend talking with a professional who specializes in U.S./Canada cross-border taxation since the setup can impact both liability protection and how you get taxed in each country.
Curious to hear what other Canadian investors here have found works best!