An Excerpt from David A. Altro’s Book – Chapter 14
CTV – Hurricane Irma not expected to deter snowbirds from Florida
EB-5 Green Card Program Re-extended with no Changes through December
Playing the Currency Game with US Dollars & US Real Estate
Is it a good time to buy real estate? This is a question you can hear most days, in most cities. However, for Canadian snowbirds this is a big question as they venture south to spend the winter months in the sun of Florida and other sunbelt states. This begs the question: is it a good [...]
The Protecting Americans from Tax Hikes Act (“PATH”): Changes to the Treatment of Real Estate Investment Trusts (“REITs”)
Last week, I blogged about PATH and the changes the legislation makes to the Foreign Investment in Real Property Tax Act (“FIRPTA”). One of the most important changes is that certain foreign pension funds are now exempt from FIRPTA when they dispose of U.S. real property. It was predicted that the exemption would increase the amount [...]
The Protecting Americans from Tax Hikes Act: New U.S. Law Paves Pathway for Important Changes to FIRPTA
U.S. Congress was busy at the end of the year. There was much debate about several key pieces of legislation that have the potential to affect Canadians in 2016, including the popular EB-5 investment-for-visa program, which I most recently blogged about here. Amid the flurry of activity, President Obama signed a key piece of legislation into [...]
EB-5 Program Extended in Current Form until September 30, 2016
Altro LLP has been closely following the progress of legislative changes proposed to the U.S’s popular EB-5 investment-for-visa program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. (See my post from Monday here, as well as an earlier, more detailed blog explaining the program’s history [...]
EB-5 Program Gets another Five Days; Congress to Finalize New Bill December 16
I recently wrote about the popular EB-5 Regional Center program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. The program was originally set to sunset on December 11, 2015, but has received a short extension until December 16, when it will likely be renewed with [...]
The State of the EB-5 Program: Sunset Date of December 11, 2015 on the Horizon
The U.S.’s popular EB-5 investment-for-Green Card program is set to sunset on December 11, 2015; Congress, however, is currently considering proposed legislation that would extend the life of the program beyond December 11. I’ve prepared a short explanation of the EB-5 program, its legislative history and the most important pieces of legislation circulating in Congress right [...]