Tax issues and news
for those sending employees
outside Canada
Tax issues and news
for those sending employees
outside Canada
With increased globalization, Canadian companies are finding more opportunities to cross borders and enter into the international business market. Pressure to succeed in this market can be tremendous, but having knowledgeable and highly-organized Human Resource Managers can be key to a Canadian company's success.
For Canadian companies sending employees outside Canada, the essential elements of successful and cost-effective assignments include:
| · | clearly documented assignment policies and procedures |
| · | comprehensive and documented Assignment Tax Program |
| · | documented contractual relationships |
| · | detailed budget |
| · | culture of productivity (to which the above points contribute) |
| · | internal infrastructure which can meet planning needs of the assignment |
| · | understanding of host country laws and practices |
| · | establishment of an Assignment Helpdesk |
Our CompassGUIDES Helpdesk is your initial contact for international assignment planning and publications.
A Preliminary Needs Assessment will determine any gaps in your assignment planning and an action plan will be developed to set you on track. CompassTAX implements the Assignment Tax Programs which are developed in these initial planning stages, and international assignments reap the benefits. Companies which provide individual tax counseling and tax return preparation to their assignees avoid the pitfalls of lost productivity, disgruntled employees and decreased morale on assignment which can otherwise result.
Read our CompassPOINTS articles to learn more about international assignment planning.
