Canadians buying rental properties in USA

[Yousef Reda]

Hi anyone have experience with this. Im looking into some great deals in USA with great cashflows and low property values in certain states. Im looking at tax implications for canadians that we would need to be charged 30% witholding tax. If we elect to file a US tax return then we can elect to only get taxed for the NET income based on a graduated scale. 

They charge 10% tax again if property is sold. 

Does anyone know overall if there is a huge tax disadvantage in the US versus Canada. Or are both systems similiar? 

[Roy N.]

@Yousef Reda

If you spend a few minutes searching the forms you will find no less than a dozen threads on this very subject.  [Selfish honesty:  I'm too tired to type another long response]

Your current financial situation and your goals for owning real estate in the U.S.A. and at home, will factor into how you choose to organise your real estate holdings.   You will want to enrol the services of an accountant and attorney experienced in cross-boarder business and real estate.