We provide advisory and compliance services arising from crossborder payroll and secondments.
We can conduct a review of Canadian compensation and benefits under U.S. IRC Sec 409A on deferred compensation under nonqualified deferred compensation plans.
We can assist in filing for Certificates of Coverage under U.S.-Canada Totalization Agreements to ensure that an international employee’s social security deductions and eventual benefits makes the most sense for the employee’s situation.
- Making the IRC Section 85(b) election
- Recognizing stock option awards individually or through a corporation
- U.S. and Canadian implications on stock options, restricted stock units, stock awards. etc.
We can advise on the tax implications of telecommuting, remote workplace, and “Convenience of Employer” situations.
Canadian Payroll Withholding Waivers
We can assist in applying for waivers of income and social security tax under Canadian Regulations 102 and 105 for non-resident employees.
Companies must ensure their crossborder payroll policies are not only up to spec but are also competitive. We can assist in designing and reviewing corporate policies related to payroll and secondments.
We can assist with planning and compliance related to employment transfers for short-, long-term secondments and permanent relocations.
Board and Executive Directors
It is not uncommon for leadership to serve as executive directors on international boards. We can advise on crossborder taxation of board and executive directors.
Crossborder payroll requires additional structuring to deal with the added complexity of a mobile workforce. We can assist with tax equalizations and tax protection, shadow, and split payrolls.
Recovery of Taxes
We can help employees with the recovery of incorrectly withheld US Social Secuirty (OASDI) and Medicare taxes.
U.S. Withholding Reduction
We can assist with filing for a reduction in U.S. domestic tax withholdings of a Canadian employee due to a foreign tax credit.