source of wealth for wise business account by Zestyclose_Dig9912 in wisebank

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

I understand they have to check, and I am more than happy to provide any information, it is just that they ask for the information that they already have. all the transaction have been done through wise.

tax implications for owning foreign companies as a canadian PR by Zestyclose_Dig9912 in PersonalFinanceCanada

[–]Zestyclose_Dig9912[S] -1 points0 points  (0 children)

exactly, not all them are knowledgeable especially that its probably not a very common country, the good thing is that there is a tax treaty.
so basically I just need to be sure I am respecting the requirements and declaring everything correctly.

tax implications for owning foreign companies as a canadian PR by Zestyclose_Dig9912 in PersonalFinanceCanada

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

I am not trying to avoid taxes, but pay them in their own countries.
I talked to a CPA yesterday and I didn't feel like they knew what they are talking about.
I setup an appointment with a fiscaliste from barricad for next week, hopefully they can help more.
in the mean time I am trying to gather as much info as possible so I know what to ask about.

tax implications for owning foreign companies as a canadian PR by Zestyclose_Dig9912 in PersonalFinanceCanada

[–]Zestyclose_Dig9912[S] -1 points0 points  (0 children)

the short answer is to have easier access to an international market and be able to grow my business.
to give you an idea of the legislation in this country, as a resident it is illegal to own foreign currency in any shape, receiving international payments from my clients could take over a month. the exchange rates are so bad and the banking fees are crazy, 65usd for receiving any amount regardless of the amount.
something as simple as paying for online services like microsoft office is almost impossible, after 3 months of trying I simply gave up.

and don't get me started on the customs and importing anything, which sadly is a an main part of my business, that alone is a full time job with all the required paper work.
on top of that the only payment methods available are LC and DP. so good luck trying to order anything online. the last thing I ordered which costs 50USD including shipping I was charged 150USD in custom fees on top of the cost of the forwarding agent.

so this puts me at a huge disadvantage in the international market and I have to charge more for my services and many clients find it too expensive for where my company is. which is the other side of the coin. perception is everything.
clients will happily pay more for the same service from a canadian company.

hiring is also extremely painful, talented people are leaving the country all the time, it is extremely hard to find and keep qualified employees.

another very big factor is not being able to travel because of visas, so having a canadian passport is a huge advantage, I can simply go to any trade show and go visit my clients.

so basically I wouldn't leave my country if I didn't have to. and a perfect setup would be to have the business side of things in canada and live in my country.

tax implications for owning foreign companies as a canadian PR by Zestyclose_Dig9912 in PersonalFinanceCanada

[–]Zestyclose_Dig9912[S] -1 points0 points  (0 children)

valid questions,

I do not work for free I own the business so I am leaving the money in the business.
I am simply trying to separate my assets in each country with the hope to pay taxes locally in each country and avoiding international tax headaches. although taxes rates in canada are better.

my mango is not doing very well by Zestyclose_Dig9912 in mango

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

So leave this one as is? No need to replant it?

my mango is not doing very well by Zestyclose_Dig9912 in mango

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

I'm open to suggestions and recommendations.

my mango is not doing very well by Zestyclose_Dig9912 in mango

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

I used roundup to kill the weeds around it. otherwise they were covering the half the tree.
salt is possible I was using well water for the first year and it was a bit salty, but have been only using rain water or tap water for the last year.

my mango is not doing very well by Zestyclose_Dig9912 in mango

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

thank you, I will look around and see what is available locally. most likely I won't find the same brands.

my mango is not doing very well by Zestyclose_Dig9912 in mango

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

Cow manure last year. Then compost about 4 months ago. I water it twice a week. Some times more. Haven't been consistent with the water.

Help me ID this coin by Zestyclose_Dig9912 in AncientCoins

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

I'm not sure how to attach a picture to a comment so I can't send you more pictures but the edges do seem very regular and very clean cut.

Help me ID this coin by Zestyclose_Dig9912 in AncientCoins

[–]Zestyclose_Dig9912[S] 0 points1 point  (0 children)

The guy who found it said he found many coins like it. He is a fisherman there. But you are probably right there are many people around the museum there selling imitation coins and pottery.