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ARTICLE · 22 JULY 2020

Managing Remotely Raises Unique Tax Issues For Businesses

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Managing remotely raises unique tax issues for businesses.

CanadaTax
Andrew Wong
Andrew Wong
David Mattingly
David Mattingly
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Social distancing, travel restrictions and other measures introduced worldwide following the onset of the pandemic have not only impacted commercial activities, but are also raising unique corporate residency tax issues as business leaders scramble to conduct their affairs and hold board meetings remotely from different locations around the globe.

In this article, we discuss recent Canadian and U.S. tax authority guidance that organizations should consider as they adjust their business management strategies to accommodate for the "new normal" work environment.

Canada

The Canada Revenue Agency (CRA) recently published the "Guidance on international income tax issues raised by the COVID-19 crisis" (Guidance) in an effort to clarify some of the Canadian income tax issues that arise as a result of travel restrictions imposed by governments, including the Government of Canada, and businesses across the world in response to the COVID-19 pandemic (travel restrictions).

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