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CTV News
30 minutes ago
- CTV News
Senator says U.S. tariffs from Trump White House damaging for Washington state
President Donald Trump speaks after signing an executive order in the Oval Office of the White House Wednesday, April 9, 2025, in Washington. (Pool via AP) Opponents from Washington state of U.S. President Donald Trump's tariff threats against Canada are vowing to fight, saying the ongoing trade war has delivered a heavy blow to American border communities. In a conference call led by Democrat U.S. Senator Patty Murray that included British Columbia Premier David Eby, Murray said regions such as Whatcom County bordering Canada get about 12 per cent of taxable retail income from Canadian consumers. Murray said the drop in Canadian tourists visiting her state has also resulted in economic uncertainty among ferry operators and in Point Roberts, where residents cannot access the U.S. mainland without travelling through Canada. Eby said it is difficult to continue asking British Columbians to keep their money in Canada but the U.S. boycotts are necessary in the trade war despite circumstances being 'miserable' on both sides of the border. Earlier this week, Eby responded to statements by the U.S. Ambassador to Canada who called Canadians mean and nasty over their travel and alcohol boycott, saying Canadians would be 'proud' to be considered mean for standing up for their sovereignty. Edmund Schweitzer, founder of Washington-based digital device maker Schweitzer Engineering Laboratories, said during the conference call that his company is predicting the tariffs will cost it US$100 million in 'unanticipated federal taxes.' Schweitzer said that means each of the 7,000 employees who co-own the company will take a financial hit of US$14,000 from the tariffs. 'President Trump seems to have created the 51st state that he was talking about, which is the great state of uncertainty,' he said Wednesday. 'And this is affecting all of us.' Murray said she is working in the U.S. Congress to bring Democrats and Republicans to join in the fight to wrestle back the power to set tariffs from the White House and urges other Americans to join the cause. 'Who is responsible for this, and we all need to remember this, is the president of the United States who started this,' Murray said. 'We are raising our voices to say, 'Enough is enough … stop this.' B.C. is among several Canadian provinces that banned the sale of U.S. alcohol from government-run stores after the trade war began, and industry groups say such sales in Canada have fallen sharply in March and April. Statistics Canada figures show the number of Canadians returning home by car from south of the border fell to just over 33 per cent in June compared with the same period last year, and return trips by air fell to just over 22 per cent during the same period. 'No one wants this,' Murray said of the falling numbers and economic uncertainty. 'We did not ask for this. It's been imposed on us. And I think that the premier is making it clear he has to make it painful for the United States. 'That doesn't change our relationship with British Columbia. We've always been friends, allies. We have had challenges in the past, but we talk to each other. We work through it, and that's what we both want at the end of this.' This report by Chuck Chiang, The Canadian Press, was first published July 23, 2025.
Globe and Mail
35 minutes ago
- Globe and Mail
Business Anywhere Empowers Canadians to Launch U.S. Companies Remotely in 2025
In an era defined by remote work and digital-first businesses, a growing number of Canadians are skipping the traditional routes to entrepreneurship—and looking south instead. With economic uncertainty, rising tax burdens, and a desire for international expansion, an increasing number of founders are registering U.S. companies from the comfort of their homes in Toronto, Vancouver, or Calgary. It's not a trend anymore. It's a movement. And for entrepreneurs who understand the value of efficiency, international flexibility, and borderless operations, launching a U.S.-based business remotely has never been more accessible—or more strategic. Why Canadians Are Incorporating in the U.S. Let's be clear: Canada has a stable and business-friendly climate. But it also has complex regulations, provincial red tape, and corporate tax rates that make growth less attractive for lean, digital startups. By contrast, U.S. states like Wyoming and New Mexico offer something radically different: No state income tax Minimal annual fees and compliance Enhanced business privacy A business infrastructure optimized for remote, online-first founders For digital entrepreneurs—whether they're selling on Amazon, building a SaaS product, consulting remotely, or running a global e-commerce brand—registering a Limited Liability Company (LLC) in the U.S. unlocks an entirely new level of speed, access, and financial freedom. 'But I'm Not American—Can I Still Register a U.S. Company?' Short answer: Yes. Foreigners—including Canadians—can fully own a U.S. LLC. There's no requirement to be a U.S. citizen or resident. You don't even need a U.S. address (a virtual mailbox solves that—more on that in a moment). With the right structure, you can form an LLC in a state like Wyoming or New Mexico in under 10 minutes, get a U.S. business bank account, and be up and running faster than if you were navigating provincial incorporation in Canada. Even better? You can do it all remotely with platforms like BusinessAnywhere, which offers a one-stop shop for company registration, EIN applications, virtual mailboxes, online notary, and even compliance alerts—all optimized for digital entrepreneurs and non-residents. A Real Example: Building an E-Commerce Brand From Vancouver Let's say you're based in Vancouver and want to launch a niche e-commerce store targeting U.S. consumers. You plan to sell on Shopify and Amazon, source products from overseas, and market through TikTok and Meta Ads. If you form a U.S. LLC: You'll appear as a domestic business to U.S. consumers and partners. You'll be able to open a U.S. bank account (critical for Stripe, PayPal, Amazon, etc.). You can access U.S.-based suppliers, dropshippers, and warehousing services without foreign transaction friction. Your brand can scale internationally—without the drag of cross-border logistics or Canadian tax compliance on your U.S. sales. With BusinessAnywhere, you'd register a Wyoming LLC, set up a virtual mailbox to handle all mail and official documents, get your EIN (Employer Identification Number), and open a U.S. bank account. No flights. No paperwork nightmares. No waiting in line at Service Canada. You get U.S. infrastructure without leaving your home office. The Role of the Virtual Mailbox A virtual mailbox gives you a real U.S. business address—something most banks, platforms, and vendors require. It's not a PO box. It's a professional business address where your mail is received, scanned, and uploaded into your digital dashboard. This matters for compliance, reputation, and operations. If you're trying to open a bank account, file taxes, or work with a U.S. partner, they'll want to see a U.S. address. A virtual mailbox solves that instantly—legally and seamlessly. Here's a more detailed guide on what a virtual mailbox is and how it works for remote entrepreneurs. What About Taxes? This is where the advice of a cross-border tax advisor is essential. But in short, if you have no physical presence in the U.S., and you're not a U.S. person, a U.S. LLC with no 'Effectively Connected Income' (ECI) may not be subject to U.S. federal income tax. However, you'll still need to file an annual return and a few compliance documents. It's straightforward—but mandatory. On the Canadian side, the CRA may still want a slice depending on where you reside and where your mind and management take place. This is why more founders are also exploring international tax residency, or at the very least, optimizing their structure to avoid double taxation. (Platforms like BusinessAnywhere do not offer tax advice, but they do connect you with specialists who can help.) Who Is This Really For? Remote business owners. Digital nomads. Canadian side hustlers who want to scale across borders. Founders who want more control over their income and compliance footprint. If you're using platforms like Upwork, Amazon FBA, Shopify, or Stripe—and your customers are mostly in the U.S.—it's smart to consider registering where your business operates. Not where your passport says you live. A Post-Geographic Business Era We're living through the rise of the post-geographic business model. No matter where you were born or live, your company can be registered in the U.S., operated remotely, and serve customers globally. Your banking, compliance, communication, and operations can all be handled online, from anywhere. The idea of 'home country' is becoming irrelevant for smart founders. What matters now is where your company is structured, how it's taxed, and what jurisdiction gives you the most freedom. That's the world BusinessAnywhere is building for. Final Thoughts Whether you're a Canadian entrepreneur seeking new markets, or a digital-first founder looking to future-proof your business, launching a U.S. company remotely is no longer a luxury—it's a strategic move. If you want to stay competitive in today's market, your business structure should reflect your ambition—not your postal code. Ready to take the next step? can help you register your company, get your EIN, and start running a lean, remote-first operation today. (By Bobby Casey, Founder of Media Contact Company Name: Business Anywhere Contact Person: Bobby Casey Email: Send Email City: New York Country: United States Website:
Globe and Mail
39 minutes ago
- Globe and Mail
Man who defrauded investors sentenced to five years, ordered to repay more than $7.75-million
Ontario's securities watchdog says a former Ottawa resident who targeted hundreds of investors across the country has been sentenced to five years in prison and ordered to pay back more than $7.75-million in fraud proceeds. The Ontario Superior Court of Justice in Toronto convicted Stéphane Gagnon of fraud over $5,000 and using a forged document, the Ontario Securities Commission said Wednesday. Mr. Gagnon received more than $20-million from more than 300 investors across Canada between Aug. 1, 2015, and May 31, 2021, he admitted in a statement to the court. He promised to help people access funds in their locked-in retirement accounts if they invested the money in his company, but wound up using a significant portion of the proceeds for other purposes, the OSC said. He also admitted to forging legal letters. The charges stem from his role as the sole officer and director of 8565287 Canada Inc., which operated under several names, including Unlock My RSP, SMAP Financial Service, the Loan Shop and the Finance Company. Opinion: Are Canada's corporate and securities laws no longer fit for purpose? The OSC's Criminal Investigations and Prosecutions team brought the case. Mr. Gagnon was arrested in Bali in 2023, after Interpol contacted police there to inform them he was wanted on forgery and fraud charges, according to The Jakarta Post. 'Today's decision is a significant outcome for Ontario's investors who were harmed by Mr. Gagnon's actions,' Bonnie Lysyk, the OSC's executive vice-president of enforcement, said in a statement. 'Where the OSC sees evidence of harm, we will take action to protect investors, and the integrity of our capital markets. We are pleased with the judgment of the Superior Court and thank everyone involved in this case.'
