Whistler Real Estate Buyers & Sellers
FAQs - Buyers
Ownership structure
What are the advantages and disadvantages of owning personally, jointly with a spouse, through a Canadian company or through a foreign company?
In particular, if your American clients are considering using a US Limited Liability Corporation (“LLC”) to hold the Canadian real estate, please be sure that they get good tax advice from both their American and Canadian tax advisors. There are potential tax disadvantages with respect to this structure.
Financing
How much should be financed in order to ensure that there are no Canadian taxes payable on annual income but also minimize rental losses which cannot be carried forward?
How does the investor minimize foreign exchange risk?
What are the advantages and disadvantages of financing in Canada vs. financing in their home country?
Type of income
Does the income qualify as “business income” for tax purposes and what are the advantages to a non-resident investor?
For the answers to these questions and other important tax questions please visit: www.lamlonishio.ca
FAQs - Buyers
Ownership structure
What are the advantages and disadvantages of owning personally, jointly with a spouse, through a Canadian company or through a foreign company?
In particular, if your American clients are considering using a US Limited Liability Corporation (“LLC”) to hold the Canadian real estate, please be sure that they get good tax advice from both their American and Canadian tax advisors. There are potential tax disadvantages with respect to this structure.
Financing
How much should be financed in order to ensure that there are no Canadian taxes payable on annual income but also minimize rental losses which cannot be carried forward?
How does the investor minimize foreign exchange risk?
What are the advantages and disadvantages of financing in Canada vs. financing in their home country?
Type of income
Does the income qualify as “business income” for tax purposes and what are the advantages to a non-resident investor?
For the answers to these questions and other important tax questions please visit: www.lamlonishio.ca