Many Canadians invest in US real estate, either as vacation homes and/or rental properties. Even snowbirds who escape Canadian winters to spend part of the year in the warm weather of the US, can face US tax implications and filing requirements.
How can we help?
Considering purchasing a US property?
Let us help you determine the best way to hold US property before you buy.
Renting your US property?
We can help prepare non-resident tax forms to avoid upfront withholding tax on gross rents, file elections and tax returns to report your US rental operations.
Selling your US property?
Our team can help you prepare the required forms and returns to report the sale of your US property, and minimize the upfront tax withheld at the time of the sale and eventual US tax liability.
We’ll also ensure foreign tax credits are properly claimed on Canadian returns for US taxes paid to prevent exposure to double taxation.
Spending part of the year in the US?
We’ll help you determine the maximum amount of time you can spend each year in the US, and file the required forms so that you aren’t considered a US resident required to report worldwide income to the IRS.
