Moving to Canada? Make this mistake and you might pay Canadian tax on stock losses Key Points Moving to Canada without proper planning can result in Canadian tax on stock losses due to differences in tax rules. Canada does not recognize stock losses incurred before becoming a resident, leading to potential tax liabilities. Failure to…
Calculator for Americans living in Canada selling their home Key Points Americans living in Canada face unique tax implications when selling their primary residence, including potential U.S. capital gains tax. The Canada-U.S. tax treaty offers some relief, but careful planning is necessary to avoid double taxation on the sale. Determining the tax basis of the…
Buying Property in Canada – Is it possible, and if so, where to begin? Whether you are looking to buy a vacation residence, an investment property, or move to Canada more permanently, there are many factors to consider when looking to purchase real estate in Canada. I will run through the most important criteria below….
Mistakes I often see on Cross-Border US and Canadian tax returns I’ve reviewed many US tax returns from new clients. Given the inherent complexity of cross-border tax returns, I tend to see lots of incorrect filings and omissions. This post is not meant to point out others’ mistakes but rather to inform those with cross-border…
Buying Canadian property as an American There are many reasons to invest in Canadian property as an American. The process, however, is not always straightforward. Here are a few tips to streamline the process and help you make the best decision for your investment. 1. Get your finances in order Before you start shopping for…