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From Canada · The Americas

Start a US company from Canada

For Canadian founders who sell into the US as a US vendor or raise from US investors. You already have Stripe, and Mercury and Wise Business both serve founders here. Canada treats a US LLC as a corporation, which is why many Canadians choose a C-Corp instead. Read that section before you order.

Launch + Wyoming filing; the tax return is separate.Checked by Saais Patel, compliance reviewer.

At a glance

Mercury takes applications from founders living in Canada. Wise Business is the usual second account.

The banks, in detail
US tax treaty
In force
Local Stripe
Yes
Mercury
Yes
Currency
CAD
Our fee
from $249
Wyoming's fee
$102.40
Until we file
Refunded in full

You can form a US company while living in Canada, without an SSN or a US visit, and Mercury and Wise Business both open for founders here. Launch starts at $351.40 in Wyoming, including our plan and state filing fee. The Canadian question is which entity. Canada treats a single-owner US LLC as a corporation while the IRS looks through it, so many Canadians choose a C-Corp. Either way, report it on Form T1134 each year.

Before you form

Start with whether you need a US company, and which entity both countries agree on.

  • A US C-Corp, more often than an LLC

    Selling into the US as a US vendor

    Canada treats a US LLC as a corporation anyway, while the IRS looks through it. A C-Corp is a corporation in both, which lines the two up.

    Delaware C-Corp formation
  • A Delaware C-Corp

    Raising from US investors

    US investors usually want a Delaware C-Corp. Where its board meets and decides sets whether Canada treats it as resident.

    Raising from US investors
  • You may not need a US company

    Card payments from customers worldwide

    Stripe already supports Canadian businesses. A US company adds US filings and a T1134 each year, so it needs a reason.

    Getting access to Stripe
  • Review the US footprint

    Selling on Amazon US or holding US stock

    A US company can meet marketplace and supplier requirements. Inventory, staff or premises in a state can add registration and sales-tax obligations there.

    US companies for Amazon sellers

BaseAcross's Wyoming LLC and Delaware C-Corp options for founders in Canada

Wyoming LLC

Only after cross-border advice; Canada sees it as a corporation.

State filing
$102.40
Yearly state charge
From $60
Wyoming LLC formation

Delaware C-Corp

Selling into the US or raising; a corporation in both countries.

State filing
$110
Yearly state charge
$450 for the model shown
Delaware C-Corp formation

Both charges are the state's, before our plan, optional services and your advisers' fees. Wyoming sets a minimum yearly charge, and Delaware's franchise tax depends on how it's calculated. Staff, stock or premises in another state can bring obligations there. An S-corporation isn't an option, because nonresident aliens can't hold its shares.

Prepare the information

Different documents are needed at different stages.

You provide

Before state filing

  • Your proposed company name, business activity and chosen structure: LLC or C-Corp, after advice.
  • Owners' names exactly as on their passports, ownership shares, directors and home addresses.
  • Where the board will meet and decide, because Canada's residence test asks.
  • The approved company name and formation details.
  • The responsible party. Without an SSN or ITIN, the application goes on Form SS-4.
  • Accurate mailing and principal business addresses, and your signed authorization where required.
You confirm; we prepare

After formation, for the EIN

  • A passport for each owner the provider asks about.
  • Formation documents, the EIN confirmation and the operating agreement or bylaws.
  • A real business address, your website, a description of the business and the source of funds, as each provider asks.
The provider verifies

For bank and payment applications

  • Form T1134 for the US company, within 10 months of your tax year end.
  • The company's gross receipts and assets, to see whether it's dormant for T1134.
  • Records of where the board met, and proof of any US tax paid.
You and your cross-border accountant

For the CRA

You don't need a Canadian corporation to form a US company. The EIN is the US company's tax ID. Send identity documents through a secure request, and only the ones asked for.

How it works

Seven steps from Canada to a maintained US company.

The state approves the company, the IRS issues the EIN and each provider approves its own account. In Canada, your cross-border accountant handles the CRA; we don't file there.

You and your accountant

Choose the entity with a cross-border accountant

Decide whether you need a US company at all, and whether an LLC or a C-Corp suits you, given that Canada treats an LLC as a corporation.

You leave this stage with: An entity choice that works in both countries.

01 / 07

Plan the wait

Formation, the EIN and banking have separate timelines.

Published service estimates and prerequisites for a Wyoming company from Canada

  1. Wyoming formationSame day
  2. Ordinary EINsix to eight weeks
  3. Expedited EINtwo to three weeks
  4. Bank and payment accountsProvider review
  5. US Stripe accountStripe's review
  1. Wyoming formation

    Same day

    The clock starts
    Complete filing accepted by the state
    What can change it
    Our order checks and filing batch come first. Expedited filing changes our queue; it doesn't speed up the EIN.
  2. Ordinary EIN

    six to eight weeks

    The clock starts
    EIN application after formation
    What can change it
    Included in the plan. This is our published estimate; the IRS queue can change.
  3. Expedited EIN

    two to three weeks

    The clock starts
    EIN application after formation
    What can change it
    Optional $199 service. An estimate, with issuance controlled by the IRS.
  4. Bank and payment accounts

    Provider review

    The clock starts
    Company and owner information ready
    What can change it
    Mercury, Wise and any other provider set their own timing, may ask for more documents and can decline an application.
  5. US Stripe account

    Stripe's review

    The clock starts
    US bank account and website ready
    What can change it
    Stripe reviews the business and the person behind it, and can decline.

These are service estimates, not promised completion dates. The IRS and each provider set their own processing times. Names or addresses that differ between documents slow every stage.

What it costs

The same price from Canada as from anywhere.

Charged in US dollars, with the Wyoming state fee passed on at cost. Where you live changes which bank we introduce you to, not the price.

LLC cost calculator

Launch

To start

$351.40

$249 our fee + $102.40 Wyoming fee

Renews from $309 a year

OperateBilled yearly

To start

$2,490.40

$2,388 our fee + $102.40 Wyoming fee

Renews from $2,448 a year

Included in both plans

  • State formation filing
  • Registered agent and registered office
  • EIN application without an SSN
  • LLC Operating Agreement or corporate bylaws
  • Bank and payment application guidance
  • Filing calendar and reminders

What changes because you live here

The filing is the same from anywhere. Four things aren't.

Treaty status, payment availability, bank eligibility and time zones. Sources checked 14 October 2026; account approval remains with the provider.

1 of 4: The tax treaty

The tax treaty

The tax treaty: In force

The US–Canada income tax treaty is in force and detailed.

It exempts most interest from US withholding, caps dividends at 15%, or 5% for a qualifying company shareholder, and exempts most royalties. Its rules for entities that are see-through in one country and not the other are why a cross-border accountant matters.

How the CRA sees it

Canada sees a US LLC as a corporation. Plan around that.

The LLC point comes from the US Treasury's explanation of the treaty, and T1134 from the CRA's own form. Residence and FAPI come from PwC's summaries. They run alongside the US steps below.

  1. When you choose the entity

    You and your accountant

    A single-owner LLC is see-through for the IRS but a corporation for the CRA. A C-Corp is a corporation for both.

  2. When you decide where it's run

    You and your accountant

    Central management and control in Canada, usually where the board meets and decides, makes the company Canadian-resident.

  3. Each year, within 10 months

    You

    File Form T1134 for the US company as your foreign affiliate. A dormant one needs less detail.

  4. If it earns passive income

    You and your accountant

    FAPI taxes certain passive income of a controlled foreign affiliate in Canada as it's earned.

Worked example

Is your US company dormant for T1134?

This follows the CRA's T1134 instructions. Your accountant confirms the figures.

  1. Your US company had gross receipts of CAD 80,000 in its year, and assets worth CAD 50,000.

  2. Receipts are under CAD 100,000 and assets under CAD 1 million, so it counts as dormant.

  3. You still file T1134, with less detail for that affiliate.

  4. Gross receipts count every receipt, loans included, not just income.

What Canada expects

Owning a US company doesn't take you out of Canada's tax system.

Canada treats a US LLC as a corporation, taxes a company centrally managed from Canada as resident, and asks for Form T1134 on a foreign affiliate every year. Choose between an LLC and a C-Corp with a cross-border accountant.

An LLC is a corporation in Canada

A single-owner US LLC is see-through for US tax, but Canada treats it as a corporation. The two countries then tax different things, and credits for one country's tax may not match the other's.

Where it is run

A company formed abroad is resident in Canada if its central management and control is exercised there, usually where the board meets and decides. A US company you run from Toronto can be Canadian-resident.

Report it on T1134

A Canadian resident whose foreign corporation is a foreign affiliate files Form T1134 every year, within 10 months of the end of the tax year. A dormant affiliate, with gross receipts under CAD 100,000 and assets of CAD 1 million or less, needs less detail.

Passive income abroad

Under the FAPI rules, certain passive income of a controlled foreign affiliate is taxed in Canada as it's earned, whether or not it's paid out.

Residence and credit

You're resident if you keep a continuing relationship with Canada, such as a home or family there, and deemed resident after 183 days in a year. Foreign tax can be credited against Canadian tax on the same income.

On the record

We form US companies. We aren't Canadian tax advisers. These are the rules as they're generally published, they change, and how they apply to you depends on details this page can't know. Take this list to a tax adviser in Canada before you order, and we'll tell you what the US forms need.

After formation

Someone has to own each filing, in each country.

US information reporting

A US LLC with one foreign owner is usually a disregarded entity that files Form 5472 with a pro forma Form 1120 when it has reportable transactions with you. Money you put in, take out or are paid for your work can count even in a year without sales. The IRS penalty for not filing starts at $25,000.

For a calendar-year company, the return is usually due 15 April, and Form 7004 requests an extension before then. A C-Corp, or an LLC with more than one owner, files different returns.

Form 5472 and the pro forma 1120

State, CRA and ownership checks

Keep the registered agent active and track the state's yearly charge. In Canada, file Form T1134 within 10 months of your tax year end, and your return with any income from the company in it.

US-created companies are exempt from BOI reporting under FinCEN's current rule, effective 14 August 2026. Banks and payment providers still verify who owns the company.

Who handles each formation, banking and filing responsibility
TaskWho handles itWhere the responsibility ends
Formation and EIN applicationBaseAcross prepares and submitsThe state approves formation; the IRS issues the EIN.
Bank and payment applicationsYou, with our guidanceThe provider verifies the information and decides.
Form T1134 and your Canadian returnYou and your cross-border accountantWe provide the US company records they need.
Annual state filingYou, or our optional filing serviceReminders are included; managed filing and the state charge are separate.
US federal returnsYou and your US tax preparerLaunch and Operate remind you; they don't file the return.

Prepare the conversation

Take these questions to a cross-border accountant before you order.

Bring the owners, where each lives, the entity you're considering, where the board will meet and the business activity. Agree who handles each filing in Canada and in the US.

Download the checklist for your accountant (.txt)
  1. 01

    Given that Canada treats a US LLC as a corporation, should I form an LLC or a C-Corp?

  2. 02

    If I form an LLC, how do the treaty's rules for see-through entities apply, and can I credit any US tax?

  3. 03

    Would the company's central management and control be in Canada, making it Canadian-resident?

  4. 04

    Is the company a foreign affiliate I report on Form T1134, and would it count as dormant?

  5. 05

    Would any of its income be FAPI, taxed to me as it's earned?

  6. 06

    Would a Canadian corporation serve me better than either US entity?

  7. 07

    How should I keep records for the US returns and my Canadian return?

Questions

Questions from Canada.

If yours is not here, email us at hello@baseacross.com before you order.

Can a Canadian resident own a US LLC?

Yes. US law doesn't require an LLC's owners to be US citizens or residents, and formation, the EIN and the bank applications all happen remotely. The question for a Canadian is whether an LLC is the right entity, because Canada treats it as a corporation.

Should a Canadian form a US LLC or a C-Corp?

Often a C-Corp. A single-owner US LLC is see-through for US tax, but Canada treats it as a corporation, so the two countries tax different things and credits may not line up. A C-Corp is a corporation in both. Decide with a cross-border accountant before you order.

Can Canada treat my US company as Canadian?

It can. A company formed abroad is resident in Canada if its central management and control is exercised there, usually where the board meets and decides. A US company you run from Canada can be Canadian-resident, and the treaty's tie-breaker then matters.

Do I have to report the US company to the CRA?

Yes, on Form T1134 if it's your foreign affiliate. A Canadian resident files it every year, within 10 months of the end of the tax year. A dormant affiliate, with gross receipts under CAD 100,000 and assets of CAD 1 million or less, needs less detail.

How much does a US company from Canada cost?

Launch starts at $351.40: $249 for the plan plus $102.40 for the Wyoming filing. The plan and Wyoming's minimum yearly charge then total $309 a year. Your cross-border accountant's fees, US return preparation and Canadian filings are separate. Wyoming's license tax can be more than its $60 minimum.

Can I get an EIN without an SSN or ITIN?

Yes. Without an SSN or ITIN, the application goes on Form SS-4 instead of the IRS's online tool. We prepare it after the company is formed, and the IRS issues the number.

How long does it take from Canada?

Each stage has its own clock. Wyoming's published turnaround is same day once a complete filing is accepted. Our ordinary EIN estimate is six to eight weeks after the application, or two to three weeks with the $199 expedited option. Banks, payment providers and Stripe each set their own review times. These are estimates, not promises.

Can I open a Mercury account from Canada?

Usually you can apply. Canada isn't on Mercury's list of countries it doesn't serve, and the list goes by where you live. Mercury still reviews each company and can decline.

Can I use Wise Business for the US company?

Usually, yes. Canada is on Wise's list of places where people can hold money, so a US company run from Canada can get USD account details. Wise reviews each business.

Do I need a US company for Stripe in Canada?

No. Stripe supports businesses in Canada. A US company is for selling as a US vendor, US contracts, US investors or platforms that need one.

Do I pay US tax on work I do from Canada?

Generally not. Pay for work you do in Canada is generally not US-source income, so a US company with no US office or staff often owes no US income tax on it. A single-owner LLC still files Form 5472 with a pro forma Form 1120 when it has reportable transactions with you.

Is there a US–Canada tax treaty?

Yes, it's in force. It exempts most interest from US withholding, caps dividends at 15%, or 5% for a qualifying company shareholder, and exempts most royalties. Its rules for see-through entities are detailed, which is why a cross-border accountant matters.

What is FAPI, and does it apply to my US company?

It's Canada's rule for passive income in a controlled foreign affiliate, such as certain income from property. That income is taxed in Canada as it's earned, whether or not it's paid out. An active business is generally outside it.

Does BaseAcross file the US and Canadian returns for me?

On Launch and Operate, we add deadlines and reminders; you or your accountant file the federal returns. Managed annual state compliance is an optional $149 service fee a year, with the state's charge separate. Form T1134 and your Canadian return are for you and your cross-border accountant.

Does my new US LLC need a BOI report?

US-created companies are exempt under FinCEN's current BOI rule, effective 14 August 2026. A company formed outside the US and registered to do business there is a different case. Banks still collect ownership details for their own checks.

Sources and editorial scope

Check the published rules behind the explanation.

Prepared by the BaseAcross team and reviewed by Saais Patel, compliance reviewer. Sources checked . This is general formation information, with source links for the tax and banking context. An individual tax or legal review remains with your qualified advisers.

The LLC point is read from the US Treasury's technical explanation of the 2007 protocol, and T1134 from the CRA's own form and instructions. Residence and FAPI come from PwC's Worldwide Tax Summaries, a professional summary. Confirm the current position with your accountant before acting.

Ready when you are

Answer the questions. We do the filing.

It takes about four minutes. You see the whole order, state fee included, before anything is charged.

Compare the plans

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Toronto

Canada

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Wyoming

LLC · Cheyenne, WY

Plan
Launch
First year
$351.40
To order
10 steps
Start from Canada

Launch · $249 + $102.40 Wyoming · Same day