How is someone tax exempt at Walmart in Canada?
"The short answer is you're tax exempt if the tax laws say you are.  There are a bunch of specific exemptions based on who you are, what you're buying and why. Taking British Columbia as an example. One exemption is supplies for business use: Some exemptions are only available to certain purchasers in certain circumstances. These exemptions include: You can also claim an exemption if you are buying ""adult size"" clothing for a child under 15 years. Farmers are exempt from sales tax on various goods and services. First Nations individuals are exempt in some circumstances. And so on and so on." Note that folks may also be shopping for supplies for a nonprofit tax-exempt organization. I made such a purchase a few weeks ago. Whatever the legal basis of the exception,  you need to be able to prove to the store that you have it. If you can't,  they must collect the tax.
unless you had a distribution network and the customers to use it, IE: brick and motor stores in every city that can field orders and the volume to justify truck routes.  Here in Canada there is grocery deliveries via grocery gateway (filled by longo's, a grocery chain in the GTHA) and even Walmart is getting in on it. Granted it is only in the GTHA right now, but the model could work in towns that aren't tooooo sparse. IMO, QE2 will likely have no perceptible impact in the near term. Keeping all of your savings in a bank guarantees that you will lose money to inflation & taxes. I'd suggest consulting a financial advisor -- preferably someone who understands issues facing someone with assets in the US and Canada. In terms of what portion of your savings should be in USD vs. CAD, that's going to depend on your situation. I'd probably want more assets in the place that I'm living in for the next several years. Someone remind WalMart this is not 2007 when they were the baddest, biggest company in the country.   Don't try to dictate your terms on others. It still blows my mind that if you do business with Walmart you need an office in Bentonville. It depends on:  In Canada, Ontario, Manitoba, Alberta and Nova Scotia have each enacted legislation to stop gift cards/certificates from expiring. Cards issued before the effective date are still subject to the old rules.  The legislation came into effect: There are several common themes: There are still some unusual exemptions such as mall gift cards in Ontario, Manitoba: Ontario is the first jurisdiction in   Canada to regulate gift cards. [...] Mall cards (e.g. Eaton Centre gift   card) will be covered by the expiry   date ban and the new disclosure rules.   However, these cards can temporarily   maintain their current fee structure   while the provincial government   examines options on how to best   regulate these types of cards. This   will allow more time to develop an   approach that strikes the right   balance for consumers and businesses. For specific details see the appropriate link. This story really misses the point of this deal. This is not an inversion fueled by tax savings. In fact, it would likely end up in very little tax savings for the new companies given the effective tax rate that BK actually pays in the US (They actually pay 27% in the US vs about 26.5% in Ontario, where Tim Horton's is now).  Headquartering the new company in Canada has a lot more to do with placating Canadian regulators. The Investment Canada Act allows for the government to block any merger it doesn't see as in the best interests of the country. Clearly, one of it's biggest and most visible companies  being swallowed up by an American firm could fit that description. Politically, it is easy to see why regulators would have an issue with that.  However, if you make the new company Canadian... then it's seen as a win for regulators. Walmart now accelerating roll-out of fully automated warehouse and distribution centre technology; materials handling events to go down by seventy percent post-deployment.   That's probably what the announcement's going to be about. And seventy percent less product-related work to be done in a warehouse means seventy percent fewer floor workers, meaning that all those employees striking today will have their positions restructured by the end of the year.   And yes, their HR department is staffed by dementors, but damn their supply chain is like a curvy set of tits to those who've studied it; you can't help but want to play with it. A lot. Good stuff. My wife and I are both Canadian citizens living in the US with green card status.  I still have a Canadian RRSP and bank account in Canada that are dormant for the most part.  We use the Canadian debit card only when traveling (which is quite helpful). Neither of us file any paperwork in Canada anymore.  But as others have mentioned, we do file the FBAR form... this takes about 10 minutes and gets mailed somewhere in Michigan if I recall correctly.  (Keep the balance less than $10k total among all foreign accounts and you relieve yourself of this too.) As far as taxes go, we make less interest in our Canadian account than in our US accounts, so the tax burden is less. Okay, I'll amend my complaint: Because we decided to have a fucking stupidly complicated system of social safety nets.  Seriously, though.  Those employees are better off with shit pay, but still eligible for government benefits than being paid a bit better and not getting any benefits.  As soon as people start to get somewhat better pay, they lose benefits of hundreds of dollars/month, and generally lose access to health insurance.  I'm not saying support Wal-Mart, I'm saying we've got a lot of work to do to fix our government programs and regulatory frameworks and tax code in pretty fundamental ways.