This article explores the basics and usefulness of a Section 1031 Exchange. It usually only works for Americans. Canadians should watch out!
Canadians who own Florida real estate and wish to sell or are interested in purchasing Florida real estate should be informed of the specificities of selling.
Shlomi Steve Levy was recently interviewed by Neil Sharma for his article entitled "Tax strategies to investing in the U.S." which appeared in Canadian Real Estate Wealth Magazine. In this article, Shlomi discusses certain tax planning issues for Canadians who invest in US real estate, including ownership structures and avoidance of double taxation.
The Tax Cuts and Jobs Act, commonly referred to as the US Tax Reform Bill, came into effect on January 1, 2018. Among the numerous changes it makes to the [...]
Many Canadians who seek to purchase or already own US real estate are unaware that at one point or another they will require a US Individual Tax Identification Number (ITIN). [...]
If you own a vacation home in the United States, you may have been advised by a friend or even an American lawyer to put your children on title by [...]
Many Canadians who are interested real estate in purchasing a condominium in Florida are unaware of the particularities of the purchase process and the issues relating to the ownership of [...]
Many Canadians use life insurance policies as an estate planning tool to ensure their families are cared after and to pay tax owed by their estates on accrued capital gains [...]
