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Vehicle ownership

Posted date : Sep 14, 2023

I own my own place in the U.S. and live there for the winter months. I’ve bought a vehicle and have it registered and insured in the state in which I own property…

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Reminder: Vacant Home Tax Declaration

Posted date : Jan 31, 2023

CSA Member Advisory – In 2023, both the City of Toronto and the City of Ottawa have implemented a vacant home/unit tax on residential properties left unoccupied.

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Selling property

Posted date : Jan 13, 2023

My wife and I are thinking of selling our property in Florida and would like to know the steps in the process. I assume that we would go through a lawyer when it sells, but are there any U.S. taxes and/or fees which we would need to pay? We have heard conflicting stories from others who have sold. Thanks for clarifying this issue.

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Form 8840

Posted date : Sep 19, 2022

I’ve just become aware of the form 8840. Do I need to complete the form if I don’t meet the substantial presence test for time in the U.S.?

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Essential travel 2021-22

Posted date : Sep 16, 2021

My husband and I have owned homes (three) in Florida since 1992, and have spent every winter there, except for last year….

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Capital gains taxes on U.S. sale

Posted date : May 12, 2021

We sold a condo, in the U.S., this year – 2020. No tax was withheld. We have a slight gain in U.S. dollars. We have a larger gain in Canadian dollars, and intend to pay tax on that gain, in Canada. ..

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U.S. Real Estate and Taxes

Posted date : Sep 30, 2019

We own a second home in Mesa, Arizona. I am aware that any capital gain on a real estate sale in the U.S. is reportable and taxable. There is also a 15% withholding tax on the sale price…

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BC’s Speculation and Vacancy Tax

Posted date : Aug 19, 2019

Dear Snowbirds, The speculation and vacancy tax is an annual tax paid by some owners of residential properties in designated taxable regions of B.C.

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IRS Filing Question

Posted date : Aug 9, 2019

In 2019, we rented our Florida/Jensen Beach condo out to Americans (for the first time) for the months of February/March through a Jensen Beach-based realty management company. Can we pay the tax on these U.S. rental earnings in Canada, or must we pay it to the IRS?

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U.S. gift tax

Posted date : May 30, 2019

I own several quarters of farmland in Saskatchewan and plan to will three to four quarters to each of four non-farming children, including a son who is a dual citizen and resides and works in Arizona. All of their farmland will incur some capital gains tax in Canada, as it has been cash rented since […]

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