Saw this over on the other site. Seems like a fantastic idea.

  • sloppychops@lemmy.ca
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    6 hours ago

    God damn. What does that mean in terms of tax, etc? They still pay corporation tax and whatnot in Canada? Profits, etc. reported in Canada or repatriated to the US?

    What about Home Hardware?

    • Poop@lemmy.ca
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      1 hour ago

      I can’t say what it means for tax, but I assume it’s similar to Walmart or other US chains operating with a Canadian subsidiary corporation(ie Walmart Canada vs Walmart). I’m guessing the money goes back home.

      After a quick search it seems like Home Hardwares are still independent and Canadian owned. When I was a kid, the ones around here were all owned by regular people who lived in the town the store was in. Canadian Tire is similar I believe.

      • sloppychops@lemmy.ca
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        1 hour ago

        Man, that socks about Rona. I guess it’s similar with Tim Hortons, Wendy, Burger King all being HQd in Toronto but owned by a Brazilian fund?