Many Canadians dream about owning a property in the US for retirement or investment purposes or simply to escape winter. Regardless of the reason for owning US property, Canadians need to be aware of the rules and tax issues they are subject to when renting or selling such property. Rental Income If Canadians rent their US real estate for 15 days or more, they may have to file a US income tax return to report their rental activity. Rental income paid to Canadians is subject to a 30% US federal withholding tax. This amount is applied to gross rental income, […]Read More
There may be US tax complications while creating a prescribed interest rate loan with family members to split income.Read More
This blog examines EB-5 history, current challenges faced by the EB-5 program, proposed changes to the program and what changes may in be store for 2017.
Trumpcare 2.0 has passed the US House of Representatives, but the reworked health care bill provides weaker coverage for those with pre-existing conditions.
Canada, to use the old (pejorative) adage, is the country known as “hewers of wood and drawers of water,” historically reflecting our economy’s reliance on natural resources. While we may chuckle at this antiquated notion, many investors continue to adhere to an analog of this concept where a strong reliance or preference exists for investments within Canada. As the global economy has blossomed over the past few decades, the investment opportunity set outside of Canada, and the ease with which it can be accessed, has increased. By embracing leading companies outside of Canada, in both developed and emerging markets, your […]Read More
On April 10, the MCA Cross Border Advisors Inc. Montreal team moved into a brand-new office that has been a great upgrade for our growing team.Read More