As a Canadian, are you aware of the tax consequences of selling your US real estate properties? Most Canadian’s aren’t, even though they are buying US real estate more so than ever before. Read further to understand the tax implications of Canadians selling US properties. 15% Withholding tax As a Canadian or a non-resident of … Continue reading Tax Implications for Canadians selling US property, real estate
Imagine, sipping a steaming cup of coffee while looking out onto your beachfront property. Imagine, the sun washing over your face in the dessert heat. Many Canadians did not have to as they flocked to buy vacation properties in the U.S when the Canadian Dollar was at an approximate par with the US dollar. However … Continue reading Tax Implications of Canadians Selling a Vacation Property in the US
Due to continuous demographic, technological, environmental, and social changes, Canada is undergoing constant urbanization. This process of urbanization helps Canada’s real estate market, which is currently attracting many real estate investors and developers. This article discusses the GST/HST rules that are applicable to a “builder” of real estate. Builders For GST/HST purposes, even though a … Continue reading GST/HST on Real Estate Development
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