We are now about three years into the recession, and there’s no denying that property prices in the U.S. are still at affordable lows. As winter creeps up on us, many Canadians are likely researching just how much a nice little vacation home might cost. I applaud that line of thinking (as soon as winter hits, [...]
David was interviewed for the Personal Finance section of the Winnipeg Free Press by Joel Schlesinger. Please click here to view the article online and scroll down to read the complete article below. Arizona bound: Canadians snapping up homes, but they need to be careful JOEL SCHLESINGER Winnipeg Free Press September 24, 2011 Jim Ballance had [...]
Southern Comfort - David A. Altro considers the advantages and disadvantages for Canadians holding Florida rental properties in a limited liability partnership When a Canadian citizen residing in Canada buys rental property in Florida in an LLP, the structure will provide creditor protection to the individual. For example, if ‘Bob’ and ‘Mary’, his wife, (Canadian citizens [...]
New U.S. property tax rules hit home David A. Altro is a frequent contributor to Paul Delean's business column in the Montreal Gazette. Scroll down to read David's interview about his new book, Owing U.S. Property - The Canadian Way, 2nd Edition. PAUL DELEAN The Gazette Monday, August 29, 2011 A strong loonie and depressed U.S. [...]
I do. But what about my taxes? David A. Altro is a frequent contributor to Paul Delean's business column in the Montreal Gazette, scroll down to read David's answer to the first question, about cross border marriage and taxes. PAUL DELEAN The Gazette Monday, August 22, 2011 Relocating to the U.S. and cancelling a life-insurance policy [...]
How to avoid estate-tax issues in U.S David A. Altro is a frequent contributor to Paul Delean's business column in the Montreal Gazette, scroll down to read David's answer to the first question, about policy ownership. PAUL DELEAN The Gazette Monday, August 8, 2011 A cross-border insurance question and potential reduction in Guaranteed Income Supplement (GIS) [...]
The United States housing market crash of 2008 brought on heavy heartache, discouragement and depression to property owners throughout the country. If you are a Canadian resident who owns U.S. real estate in a corporation, there is an opportunity for you to benefit from this unfortunate crisis. One major disadvantage of holding U.S. property in a [...]
David A. Altro has been touring across Canada to promote his new book Owning U.S. Property - The Canadian Way, 2nd Edition. He has made appearances on the radio, television, and in print as an expert in cross border tax and estate planning. Click here to watch the full length interview of David on Alberta Primetime as he [...]
Tom, 45, lives in Toronto, ran into a number of unforeseen roadblocks in the process of selling his parents' condo. Twenty years ago, Tom’s parents, Susanna and Maurice, purchased their condo in Naples, Florida for $250,000 USD. His parents, both Canadian citizens and residents, wintered there religiously (getting away from the dreary Canadian winters whenever possible). [...]
Canadian clients contact the cross border experts at Altro & Associates every day, looking for the perfect structure to buy real estate investment/vacation properties in the United States. With all of the distressed property in the U.S., there is no better time for savvy Canadian investors to purchase American real estate. However, Canadians need to be [...]
