Everyone wants to make money, but we also want to pick just the low hanging fruit, if we have to climb the tree, it better be worth it, in my neck of the woods, 100k in 6 months, that should translate to 50k in my pocket after double taxation and everything.

Your Canadian partner should really sit down with a Canadian accountant who specialises in cross-boarder business before signing on to ensure that he won't be incurring extra taxation.

My questions is two fold: with the gain on sale of the profits from the actual purchase price and the price sold, how long do I have to do divert the gain into another property to avoid taxation?

H: Yes, in conjunction with the Canadian corp to help avoid double taxation by the CRA.

The author of more than 30 books including Taxation of Damage Awards & Settlement Payments (4th Ed., 2009), he can be reached at [email protected].

Heavier taxation on passive income than earned income?

For any questions it does not answer, it tells you who you can contact for more details.http://www.state.nj.us/treasury/taxation/pdf/lpt/p...

If one decides to reside in one of the units for 2 years prior to selling will the $500k exclusion take place and gains taxation would only be imposed on a selling price of $600k or higher?

Apparently, if the LLCs were owned directly by the C-Corp this would result in double taxation since the CRA (Canada Revenue Agency) does not recognize LLCs as flow-through entities for double taxation (if I remember correctly).

Talk about taxation without representation.