This manual describes the general options available to a U.S. investor, particularly a U.S. corporation, looking to establish or acquire a business in Canada. The discussion includes the tax consequences under the federal Income Tax Act (“ITA”), the Canada/U.S. Tax Treaty (“Treaty”), and other federal and provincial taxation statutes. Immigration and corporate law issues are also addressed. This guide does not address provincial tax considerations. U.S. legal and tax consequences are not addressed.