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Affinor Growers Inc C.AFI

Alternate Symbol(s):  RSSFF

Affinor Growers Inc. is a Canada-based vertical farming technology and greenhouse operations company. The Company is a patented technology developer and supplier of turnkey vertical farming facilities, including proprietary greenhouse, growing towers, automation and cultivation processes. It is focused on developing vertical farming technologies and using those technologies to grow fruits and vegetables in a sustainable manner. The Company has vertically integrated growing systems that can offer automated mechanical pollination for fruiting crops and vertical solutions for the vertical farming industry. It has an expansion plan to grow strawberries, romaine lettuce, kale and spinach across Western Canada. It is growing strawberries at four levels in a 15,000 square foot leased greenhouse in Abbotsford, British Columbia. It has developed and patented its own growing towers in Canada, the United States, Colombia and Aruba.


CSE:AFI - Post by User

Bullboard Posts
Post by Caribbeanmanon Jul 22, 2014 5:34pm
192 Views
Post# 22771444

Tax law and the US LOI with Washington

Tax law and the US LOI with WashingtonDuring his talk at the AFI party, Nick referred to not wanting to get into trouble regarding the myriad of requirements for doing business in the USA. I suspect this was on advise from a tax lawyer. In my brush stroke dealings with US tax law, my own tax lawyer advised me to stay as far away from the US as possible. No bank accounts, no purchasing of real estate, no participation in US private companies. They will come after you and are putting in laws so that they can and will do so. The US in an attempt to deal with their deficit is targeting foreigners. The new laws coming into affect could deem you to be a US resident for tax purposes if you spent 4 months vacationing in the US and if you lived across the border and went there 61 times the rest of the year for 10 minutes to pick up gas, you would be taxed as a US resident. In addition, if deemed a US resident for one year of your life, your estate could be taxed by the US authorities. So if Nick has a good tax lawyer, [and he should have one] he may have been advised that dipping into Washington State with AFI is not a good idea from a tax perspective. In the past there was no way to effectively track border crossings. This is all changing with new technology and a new agreement with the US and Canada. They if not yet, soon will be able to track your every minute in the US. If you were to cross the border at 23:59 and return again at 0:05 am you will be deemed as being in the US for two full days.
Bullboard Posts