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Updated 7 months ago, 06/19/2024
Canadian buying Multifamily in Canada vs US
Hi everyone,
I'm ironing out my investment strategy of purchasing multi-family rental properties, but I'm a bit stuck on choosing the location. In particular, before deciding on a city, I first want to decide on whether I should invest in Canada or US (given that I am a Canadian). My interest in the US market is perked because of the stronger dollar, and better tax benefits (like the 1031 exchange). However, being a Canadian citizen, it seems like I would still need to pay Canadian taxes on the US properties regardless.
In summary, I'm wondering if there are any other Canadian investors who have researched the same question. Is it just better to stay and find opportunites within the Canadian market? Are there various strategies/corporate structures that can be employed to minimize the tax obligation to Canada when investing in the states? Or am I thinking about the problem incorrectly to begin with.
I would appreciate any sort of insight or suggestions:).
Best,
Anthony