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23 March 2016 | 7 replies
If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.
1 February 2015 | 23 replies
Investor would be subject to Canadian income tax at the top marginal rate and not the reduced rate of income tax which applies to dividends from a Canadian corporation. the investor would be able to claim a foreign tax credit against the dividend income, however, the foreign tax credit cannot exceed 15% of the dividend (as per FAPI rules).The following example outlines the combined Canadian and US income tax on $100 in income created for the investor in this circumstance.US CanadaIncome $ 100.00 $ 100.00Taxes $ 25.00 $ 46.40Foreign Tax Credit $ ( 15.00) Deduction for excess US Tax $ ( 4.64) Canadian tax $ 26.76Overall Tax Rate 51.76%If income is not distributed in the same year, investor will not get any foreign tax credit as a result, worldwide tax would be 25% (U.S tax) + 46.4% (Canadian Tax) = 71.4%The most tax efficient approach is to hold the property in an LLP or LLLP, however depends on whether you plan on holding a single property, or plan on purchasing several properties.
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25 February 2023 | 4 replies
@Henry Clark - as a US tax resident you are required to pay tax on worldwide income.
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21 December 2022 | 0 replies
ACI ranks CLT No. 5 worldwide for air traffic and No. 6 for passenger traffic, reflecting the Airport’s important role in the aviation industry and as the second-largest hub for American Airlines.
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18 March 2022 | 4 replies
In 2019 I purchased my first property in Ottawa as a foreigner, which was registered jointly with my wife (we own no other properties worldwide), I bought it cash no mortgage, it was an off-plan condo and we just took occupancy last month and currently it's my wife's primary residence.Through the past year, I was always looking to start my own real estate business that could generate passive income so I can free myself from my current 8-6 job.
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11 August 2016 | 1 reply
If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.
3 July 2020 | 6 replies
As Joe mentioned, if you're a US person (i.e. a US citizen or greencard holder), you're taxed on your worldwide income.
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10 March 2023 | 45 replies
Is your definition of what constitutes a true RE investor or trend investor the world-wide standard?
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18 January 2021 | 63 replies
There are reasons so much of our money is used world wide.
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6 April 2016 | 4 replies
If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.