The Canadian Way: David Altro discusses new tax issues relating to Canadians owning US real estate. This article will look at the various tax and estate planning issues facing Canadians with special emphasis on the major impact of changes in the US estate tax rules under the US Internal Revenue Code (the Code) affecting Canadians. As [...]
As promised, here’s the second half of one of my favorite chapters of my book, Owning U.S. Property- The Canadian Way - Chapter 10: Selling Your U.S. Vacation Home. Click here to read Part 1. Chapter 10: Selling Your U.S. Vacation Home - Part 2 By David A. Altro. Declaring the Gain to Canada Revenue Agency [...]
Several things for non-residents to consider when buying property Download the article here (PDF) , or read it below. PAUL DELEAN The Gazette Monday, April 5, 2010 Real-estate purchases by non-residents and RRSP liquidations were among the topics raised in the latest batch of reader letters. Here's what they wanted to know. Q: My father (not [...]
For my first blog entry, I have decided to whet your appetite with an excerpt from my book, Owning U.S. Property- The Canadian Way. Here’s the first half of one of my favorite chapters - Chapter 10: Selling Your U.S. Vacation Home Chapter 10: Selling Your U.S. Vacation Home By David A. Altro. The examples in [...]
David A. Altro’s “Keeping a Bargain a Bargain” was published in the January/February 2010 edition of CAmagazine. We invite you to read below as David constructs a case study exploring the complexities of purchasing a property in the U.S. during today’s unique economic situation. See how in David's scenario, several key factors (i.e., a strong Canadian dollar and a depressed real estate market) favour U.S. real estate purchases by Canadians. Oriented towards Chartered Accountants, the article provides an in-depth analysis of the cross border tax and estate planning implications of this kind of transaction.
