i invested in a business in Canada but i live in the united states how would i pay my taxes?
do i have to pay taxes in both country's or just business tax in Canada and income tax in the united states. how would my taxes be?
"Invested in a business" is pretty vague.
You definitely pay US taxes on everything.
If you bought stock, you would pay Canadian taxes on dividends and interest, but not capital gain.
If this is a partnership or sole proprietorship, you would file a return in both countries.
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