Tax Guide for Canadians Buying US Real Estate

Acquiring American Real Estate as a Canadian GENERAL PARTNER O Classified as a flow through for tax purposes, meaning that that only the investors are liable for tax No double taxation, eligible for a foreign tax credit from CRA CANADIAN TRUST Avoidance of estate tax • No capital gains tax when and if property is sold UNDER YOUR OWN NAME Expenses are tax deductible Eligible for a foreign tax credit for US taxes paid LIMITED LIABILITY CORPORATION Double taxation • May have to pay upwards of 70-80% in taxes on property income or capital gain C CORPORATION Three layers of tax including estate tax and with holding tax madanca.com Bad Good