Basic U.S. and Canadian Tax Considerations of Canadian Investment in U.S. Real Estate    

Basic U.S. and Canadian Tax Considerations of Canadian Investment in U.S. Real Estate    

Tax Law
By Anthony Diosdi Canadians actively invest in U.S. real estate by speculating on land and developing homes, condominiums, shopping centers, and commercial buildings. Canadian investors generally have the same goals of minimizing their income tax liabilities from their U.S. real estate investment as do their U.S. counterparts. Although their objectives are complicated by the very fact that they are not U.S. persons. That is, Canadian investors must be concerned not only with income taxes in the United States, but also Canadian taxes. Further, the United States has special income tax regimes that are applicable to foreign persons. This article attempts to summarize the cross-border consequences surrounding a Canadian’s acquisition of different U.S. real property interests. Holding U.S. Real Estate DirectlyThe simplest way for a Canadian investor to acquire U.S. real…
Read More