Archive for the ‘US’ Category
Episode 27: Canadian Citizens Investing in US Real Estate
In Episode 27 of our Talking Real Estate with Peter and George video series, Peter Cuttini and George Dube interview BDO Canada’s Jason Ubeika, US tax partner. Their discussion focuses on Canadian citizens who are investing in US real estate. This is part 2 of a 2 part interview with Jason. For US citizens resident […]
Episode 25: Canadian Residents Who are US Citizens Investing in Canadian Real Estate
In Episode 25 of our Talking Real Estate with Peter and George video series, Peter Cuttini and George Dube interview BDO Canada’s Jason Ubeika, US Tax Partner. Their discussion focuses on Canadian residents who are US citizens investing in Canadian real estate. This is part 1 of a 2 part interview with Jason. For Canadian […]
Episode 14: International Real Estate Investing
In Episode 14 of our Talking Real Estate with Peter and George video series, George Dube and Peter Cuttini talk about international real estate investing with BDO International Tax Partner, Jill Birks. This 20-min episode focuses on a discussion of the complexities of structuring and tax compliance for Canadian corporations investing in real estate internationally […]
U.S. tax reform & real estate: Tips for Canadian investors
Given the U.S. tax reform in 2018, we’ve been providing extensive advice on U.S. purchases being made by Canadian real estate investors. Indeed, they are by far the largest investors into U.S. real estate, contributing roughly USD$20 billion per year. So they must ensure they’re properly navigating the U.S. Tax Reform changes to protect these […]
Leaving Canada? Make sure you stay on-side with the Canadian tax man…
Are you planning to leave Canada for the foreseeable future? While we will certainly miss you, you do still have some tax filings to complete, and you may have continued tax filing obligations after you leave. We’ve outlined a few of these key decisions and filing requirements below. Would I be considered a non-resident for […]
Making corporate loans for foreign investments? Understanding “deemed interest” charges is key
This article will be the first in a series related to the Canadian tax implications of Canadians investing in foreign countries, with a particular emphasis on the United States. As the series develops we expect that updates will be made to the previously published articles. Are you making corporate loans for foreign investments? Then, understanding […]
Beware late filing penalties with the IRS
In the past year, we have seen a significant increase in late filing penalties being assessed by the IRS. Both the number and size of the penalties are of concern. In fact, these late filing penalties are now being assessed even for failure to file information forms on a timely basis. In other words, no […]
Q&A: How do I minimize taxes when I pull out RRSP money to purchase real estate?
Do you guys have any suggestions on how to pull out some RRSP funds and minimize the tax impact? Looking to pull out some funds to buy real estate in the US… Answer: On the question of RRSP withdrawals, it’s not so much that you’re going to reduce any taxes, but whether or not there […]
