Under the current exemption, US citizens earning business income in Canada will be exempt from US SE tax as long as they reside in Canada, even if this income is partially earned in the US (although regular US tax would apply).
Although this income would not be subject to US SE tax it will be fully subject to Canadian CPP premiums.
If you have any questions related to SE tax and how it relates to your business income please don’t hesitate to contact us at 250-381-2400.
The information contained in this article is for general use only and should not be viewed as professional advice. Accounting and tax rules and regulations regularly change and individuals should contact a competent professional to obtain accounting and tax advice based on their specific situation.
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