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Updated over 6 years ago on . Most recent reply

User Stats

73
Posts
13
Votes
Akash Y.
  • Vancouver , Bc
13
Votes |
73
Posts

Canadian investing in USA. LLC or personal name?

Akash Y.
  • Vancouver , Bc
Posted
just like the title says should I purchase homes in my personal or under entities like an LLC. I have read if I use an LLC I will get double taxed in the USA and in Canada Does anyone know if this is true or not I am trying to find a CPA to help me with this If anyone has a CPA who works on both sides of the Border let me know thank you

Most Popular Reply

User Stats

73
Posts
13
Votes
Akash Y.
  • Vancouver , Bc
13
Votes |
73
Posts
Akash Y.
  • Vancouver , Bc
Replied
Originally posted by @Roy N.:

@Akash Y.

You should meet with a {Canadian} accountant experienced in cross-border business or real estate before you purchased any property in the U.S.A.

LLCs do not exist in Canada and the CRA is apt to tax the income differently than you may anticipate.

 Anyone you guys can suggest speaking to? I've called a few in my local area and I cannot find someone who has experience in the USA side. 

Thanks. 

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