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Articles

TAX IMPLICATIONS OF RENTING U.S. PROPERTY

Many Canadians own U.S. recreational property near border states. Retired Canadians who are seasonal residents of the U.S., or “Snowbirds” frequently own property in the U.S.
If either of the above situations applies to you, you may be renting out your U.S. property on a part-time or full-time basis when you are not using it. If [...]

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TAX IMPLICATIONS OF OWNING RECREATIONAL PROPERTY

Are you interested in buying recreational property in the near future? For example, a cottage, cabin, or chalet – maybe own it outright, or jointly buy the property with family, relatives or friends? Maybe you want to buy an apartment or townhouse condo in a resort or recreational community – and own it outright, or [...]

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CROSS-BORDER TAX IMPLICATIONS

Tax issues can be very confusing to many Canadians. When you also live in the United States part-time and own property or other investments there, it can become quite complex. That is because you can be affected by the tax laws of both countries. In the United States, for example, you could be liable under [...]

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