Blog Posts

Canadians Owning U.S. Real Estate and the U.S. Estate Tax

Tuesday, October 18, 2011 by James Meadow
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Many Canadians are surprised to learn that their estates may be subject to the U.S. estate tax to the extent that they hold certain property situated or deemed to be situated within the United States. The most common examples of such property are U.S. real estate and securities issued by U.S. corporations.
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Freehold Mineral Rights: Canadian Resource Property for Income Tax Purposes

Friday, September 16, 2011 by Stino Scaletta
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A Freehold Mineral Right is Canadian Resource Property for income tax purposes and is not considered capital property; as any gain on the disposition of Canadian Resource Property either on a sale or upon death will be taxed at the 100% inclusion rate.
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Changing Your Principal Residence into a Rental Property

Thursday, July 28, 2011 by Steve Blazino
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It is not uncommon for individuals to relocate for work or studies on a short to mid-term basis. Usually the individual does not want to go through the cost or hassle of selling their residence only to return a short time later. Therefore, they may rent out their house as a way to cover operating costs or create profit during their absence.
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