Publication – Page 4

20 09, 2011

David A. Altro considers the advantages and disadvantages for Canadians holding Florida rental properties in a limited liability partnership

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 [...]

1 09, 2011

New U.S. property tax rules hit home

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. [...]

22 08, 2011

I do. But what about my taxes?

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 [...]

4 08, 2011

David A. Altro featured on Alberta Primetime TV and Shaw TV

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 [...]

31 05, 2011

RRIF or LRIF: What’s the difference?

RRIF or LRIF: What's the difference? 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 third question, about acquiring an apartment building in Florida through an LLC (limited liability company). PAUL DELEAN The Gazette Monday, May 23, 2010 MONTREAL - The [...]

20 05, 2011

Chapter 14: A Real Estate Primer – Part 2

Here is an excerpt from Chapter 14 of Owning U.S. Property - The Canadian Way, by David A. Altro. Click here to read Part 1, where David A. Altro explains the differences between buying property in the U.S. vs Canada, title insurance and buying resale vs. buying from a builder THE FLIP What is the flip? [...]

26 04, 2011

Chapter 14: A Real Estate Primer – Part 1

Here is an excerpt from Chapter 14 of Owning U.S. Property – The Canadian Way, by David A. Altro.

8 11, 2010

So Patriotism Just Isn’t Your Thing

Many dual Canadian and U.S. citizens have toyed with the idea of renouncing one of their citizenships in order to remove themselves from a taxation system. Seeing as though it is the United States which has most recently passed new legislation, we will deal with the U.S. taxation issues for U.S. expatriate. This new legislation entitled [...]

15 09, 2010

Moving to the U.S. the Canadian Way

Download the article here (PDF) , or read it below. Why do Canadians move to the US? If you find the weather in Canada difficult, the Sunbelt certainly offers a better weather alternative. If you have loved ones who you miss living in the States then what can be more important than to be near family? [...]

29 06, 2010

FIRPTA – Capital Improvements That Increase Your Adjusted Basis

Under the Foreign Investment in Real Property Tax Act ("FIRPTA"), a person or entity purchasing a U.S. real property interest from a foreign person is required to withhold ten percent (10%) of the amount realized upon sale (gross sale price) from a foreign owner such as a Canadian. I.R.C. § 1445 What that means, in effect, is [...]