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Odin lives in Ontario and is a Canadian citizen. He has several friends who are U . S . citizens and own shares in an
Odin lives in Ontario and is a Canadian citizen. He has several friends who are US
citizens and own shares in an S corporation. Odin would like to invest in this company. Which advice
would you give him?
A He can invest in this company, but must pay both US and Canadian taxes.
B He cannot become a shareholder since he is not a citizen or permanent resident of the United
States.
C He can become a shareholder but cannot become a manager, and his dividend income must be
paid in Canadian dollars.
D He needs approval from the Canadian government before he can invest.
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