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Updated over 4 years ago,
LLC for future-Canadian
Hi there,
I'm currently in Vancouver, BC staying with my common-law partner. I'm on a visitor visa (UK Citizen) but we are putting into process my PR application hopefully over the next few months and hopefully my work permit will be here by the end of the year. We haven't sent this off but likely this is what we will do.
I'm in a precarious situation as my US real estate properties (currently 2) are in Indiana LLC's which are good for UK tax reasons and mean I won't be double taxed. However from a Canadian perspective they are not good and will be double taxed. Struggling to find a solution here - is there a better structure? Should I move the properties to my personal name before applying for my work permit? Any Canadian CPA's that could potentially help with that? I am working with a good CPA on the American side but need a Canadian CPA. My properties are not high end properties and are in C areas.
Any guidance, company recommendations or advice would be appreciated.