DIFFERENCE BETWEEN
US & CANADA
OWNING A
PROPERTY IN U.S.
Canada and U.S. have different rules and regulations when it
comes to home financing. So, here's what you should know.
U.S. Taxation*
When should you produce a U.S. income tax return?Depending on the number of days spent in the U.S., substantial presence test.
For rental income on the property you own in the U.S.When you sell the property you own in the U.S.
Method of Ownership and Estate Taxes
It is important to determine the method of ownership prior to buying a property, whether it is to be used as second home or purchased as an investment.
Estate taxes upon your death may apply in certain circumstances.
*This serve as only being informational and It is strongly advised to consult your financial, tax, legal, and other professional advisors prior to applying for a U.S. mortgage.
Here you will find what is different betwween US and Canada
