david_a_baxter question : Investments in real estate in Canada, U.S. ?
As a Canadian living and working conditions in the U.S. with an H1B visa, can I buy a property in Canada? What do the NDC and the tax implications of the United States? As a Canadian living and working in the U.S. with an H1B visa, I know I can buy Canadian products, but is it a wise idea? What do the NDC and the tax implications of the United States? I’ve heard that, a sales Canada looking for a tax residence, 2 steps from the IRS can afford legal interest, the cost or penalties deducted CRC Sales for the United States, and 3-I capital gains tax pay on the property, if I Canada.Si back what I heard is true, buy Canadian real estate is a bad idea would be for the following reasons: the effect of No. 1 would be my effective tax rate increase, as if I was in Canada (about 20% more tax on the total income), the effect of NO. 2 would all tax incentives for U.S. income real estate investments to eliminate the effect of # 3 would wipe out gains from the revaluation of property Best Answer:
can reply
Hanora Of course you and I’m not an expert in tax law, but it would be about the same as any other investment income / expenses, capital gains and depreciation, I do not know. But an absentee landlord has its problems and the minimum down payment for rental properties is higher. While real estate in Canada has not fallen as it has fallen in most of the U.S. growth rate to a halt. I
What do you think? Answer below!