Double taxation for foreign nationals ( Canadian investor)

[Scott Esmail]

Hello,

I am wondering if anyone knows the answer to this, I am a Canadian citizen with many single family houses that I own in my Florida LLP, I am currently using the structure of paying taxes from the the profits from the LLP flow thru into my personal name, paying taxes in Florida and then having to pay the difference in taxes in Canada ( minus the amount I paid in Florida as a foreign tax credit). I am paying the tax in both places and Canada tax rate is higher. What I am wondering is there a way to structure the ownership of my LLP's to stop having to legally pay taxes in Canada and only in florida . I currently live in Canada, but am moving to Orlando in August.

[Elliott Milek]

@Scott Ray the way you have structured the investment eliminates double taxation situation, but as as a Canadian resident you are required to report the income here in Canada. Feel free to reach out to me if you would like to discuss