613-841-6040
613-841-6040
NON-RESIDENTS
OWNING RENTAL PROPERTY IN CANADA
Due to the recent surge in real estate prices in the past few years and the stable government and economy in Canada many non-residents have decided to invest in the Canadian real estate market. What many non-resident investors fail to realize are the tax implication involved with such investments until it is too late. The following graphic is a decision tree that should help non-resident investor uncover what tax obligation they may have.
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Other forms of ownership could also be considered such as ownership of Canadian real estate by foreign corporation which can result in a significant tax advantage when the cost can be justified and in the appropriate scenario.
We are available to discuss these potential advantages.
6 - 1410, Youville Dr. Ottawa (ON), K1C 7B3
info@robertcpa.ca
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613-841-6040
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613-841-9082