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Updated about 6 years ago on . Most recent reply

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6
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Minu Lal
  • Toronto, ON
0
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6
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Tax implication for Canadian investing in USA

Minu Lal
  • Toronto, ON
Posted

I am a Canadian investor venturing into the US real estate market. I found from an accountant that even after setting up LLC in US and Canada, I will still be taxed by IRA at 50% and also that the time of a sale the RE agent/Lawyer will withhold 30% of the proceeds.

Anyone can guide me or share your experience if you are a Canadian investing in US market....I would be very grateful... 

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Hai Loc
  • Specialist
  • Toronto, Ontario
885
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2,270
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Hai Loc
  • Specialist
  • Toronto, Ontario
Replied

Trump changed the tax rates for C-Corps that made it favourable for businesses. If want some advice from a CPA i can refer you someone. PM me

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