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Tech Trends Shaping Business Research

The barrage of new technologies that are introduced to the market, each with the promise of altering (or at least affecting) the corporate world, can easily make one numb. However, our examination of a few of the more important IT trends makes a strong argument for the fact that something important is taking place. Granularity, speed, and scale—the three key elements that have characterized the digital era—are typically being accelerated by these technological advancements. However, the extent of these shifts in bandwidth, computer power, and analytical complexity is what's creating new opportunities for organizations, inventions, and business models. Greater innovation may be made possible by the exponential gains in processing power and network speeds brought about by the cloud and 5G, for instance. Advances in the metaverse of augmented and virtual reality provide opportunities for immersive learning and virtual R&D using digital twins, for example. Technological development
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Navigating Business Laws in the USA and Canada

I can talk about taxes here. I'm going to assume that you pay taxes in Canada and live in Canada. And you have some kind of service business that you run out of your home in Canada.To begin, service income is taxed when it is actually done. Section 862(a)(3) says that services provided from Canada are considered foreign source income for tax reasons in the US. From Section 882(a), we know that the US taxes a Canada Corporation ("CC") on its income that is effectively linked to a US trade or business.If you have US clients, you may have a USTB. Treasury does not consider foreign source income as effectively connected income as long as the CC does not have a US office (presence) in the US (Section 864(c)(4)). This means that you do not have effectively connected income. In your case, using a CC does not mean you have to pay US taxes. If you or any other CC employee officer travels to the US to work with US clients, this situation will change because CC will have US source income. CC will file a Form 1120 and pay tax on this income (Section 862(a)(3), Treasury Regulation Section 1.6012-2(g), and Section 11(b)).

If you set up a business in a certain US state, it will be a domestic corporation (DC) for tax reasons (Section 7701(a)(4))

And a DC pays US corporate taxes on all of its taxable income from anywhere in the world. It does this by filing a 1120 corporate tax return and paying tax at a rate of 21% (Treasury Regulation Section 1.6012-2(a)). Note that Section 250(a) of the new Treasury law lets a DC pay less tax on its users who are not in the US.Also, the fact that DC was based in Canada means that DC is a tax resident there. Article 4 Paragraph 3 of the US Canada Tax Treaty lets us lessen the effects in this case, though. Since DC was officially created in the US, Canada will give up its residency to the US.By using the above treaty provision, DC now stands for a non-resident corporation doing business in Canada for tax reasons. But a company that doesn't live in Canada has to report and pay taxes on income that comes from Canada. DC has to file a Canada company tax return and pay tax on its taxable income from Canada because it comes from there. No matter which tax rate is used, DC pays net tax at the higher rate.

The US foreign tax analysis I just gave you is based on primary tax law and treaty provisions

Note: The words about Canadian taxes are just that—comments. If the ideas about the facts change in any way, the tax results could be very different.It is a game of numbers. There are no numbers in Canada. As the national parks like to call it, there is a lot of land that isn't being used. To get a real sense of where Canada is at, I encourage everyone to take some road trips outside of cities. This is the kind of country where towns are so small that incest happens...Also, don't think I'm insulting Canada like a cocky American... I know a fair amount about Canada because I've lived there my whole life. Although there are a few places, like Toronto and Vancouver, it's mostly made up of small towns.

It is a game of numbers. There are no numbers in Canada. It might in the "business" world of NHL hockey. Besides that, though

On the other hand, if we fast-forward 100 years, Canada is a cold country. If global warming gets worse, everyone will run to Canada when the USA melts like a chocolate bar and people get skin cancer from the high temperatures. How about Canada, the "great white north"? Will that be the place people run to when global warming forces everyone south?Sometimes the plan works out, but Canada is a good place. If you want to work for a company, I think the hiring standards here are pretty low, just like they are in most former English countries. If you want to find work, you should go to a western European country. More social perks, vacations, and other things.It's great that you want to start your own business in Canada. A very open and unrestricted place to do business. Canada, the US, and South American countries are easy to get to.Sometimes its hard to admit that the big dream turned into a big nightmare. I know so many immigrants that hat great jobs with a great salary in China , came to here and could not even find a meaningful job in their field of expertise. The way this works here is like that : you aply for a position and if u hear back the answer will be sorry, you do not have any Canadian Work experience. Depending how many times you want to play that game and oh much financial resources you have to survive, sooner or later you will fill shelves in the supermarket , or drive taxi in Toronto .

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