Tax Considerations of Employees Working Remotely Abroad
They operate under terms like “cross-border tax planning,” “expat tax consulting,” or “international tax preparation”. Timothy will have Canadian tax obligations, so he’ll pay Canadian income tax, Canada Pension Plan contributions, and Employment Insurance premiums, which will be deducted from his paychecks. Timothy will get a T4 tax slip at the end of the year to report his employment income. As remote work productivity has already shown its potential to enhance focus and concentration for employees, decision-makers need to incorporate this new way of working into a comprehensive growth plan....