Search Results

Posted date : May 14, 2019

My wife and I own a home in Arizona and are thinking of transferring ownership to our son, who lives in Arizona. We bought the house in 2006. We live in Canada. Would we have any capital gain to report, as this is not a sale but a gift to our son? Then could he […]

Posted date : May 14, 2019

In the spring CSANews, you published a letter in which the writer indicates that a U.S. TIN will expire in three years if the holder has not filed a U.S. tax return. As you did not comment on this statement, it implies that you agree. I secured a U.S. TIN 20 years ago in reporting the […]

Posted date : Nov 4, 2017

Dear Bird Talk, In your last publication you published an article entitled “Changes in Foreign Investment in Real Property Tax Act” and stated that if a Canadian citizen is selling U.S. property over $300,000 U.S. they must get an ITIN from the IRS. Recently, a friend has decided to sell his U.S. property in Florida […]

Posted date : Nov 4, 2017

Dear Birdtalk, Do you have information regarding taxes (both U.S. & Canadian) when a Canadian sells a condo in Florida? Also, I heard there is a tax relief if you sell a Florida property to a Floridian. R. A. Jobber Response: When a foreign person (Canadian) sells a real estate property (condo) in the United […]

Posted date : Aug 9, 2019

There are two issues raised in the Bird Talk of the spring issue on page 8, where I am questioning your response: (1) There is no withholding tax on a U.S. sale of less than $250,000. (2) In Canada, we are required to report any real estate transaction of more than $100,000 at purchase.

Posted date : May 30, 2019

We purchased a condo in Florida four years ago and have made an approximate US$100,000 capital gain on it. But we are thinking of buying another property for about $315,000, thus not receiving any capital gain as we are rolling it all back into another unit. Do we still have to pay tax on the […]

Posted date : Nov 6, 2017

Dear Bird Talk, Re: Selling our Florida home We have owned a villa in Florida for 15 years (and we’re Medipac users for as long). There has been some appreciation in value of the unit since we bought it. We now find that we are in a position to have to sell. Could you please […]

Posted date : Nov 4, 2017

Dear Bird Talk, In your winter 2014, Issue 93, you advised Linda Johnson of Vancouver B.C. that the sale of her current home “would be subject to capital gains tax on the difference between the sale price and the purchase price you paid, less improvements. Ten per cent of the sale price is required to […]

Posted date : Nov 4, 2017

Dear Bird Talk, We recently bought a manufactured home in Florida. We have heard that if we sell this unit down the road, we will be taxed by the U.S. government. There are many different opinions on this. Can you advise us of the drawbacks of a Canadian selling mobile homes in Florida? Lorraine Hoculik […]

Posted date : Nov 4, 2017

Dear Bird Talk, We recently bought a manufactured home in Florida. We have heard that if we sell this unit down the road, we will be taxed by the U.S. government. There are many different opinions on this. Can you advise us of the drawbacks of a Canadian selling mobile homes in Florida? Lorraine Hoculik […]