Updated about 1 year ago on .
Most recent reply
presented by
Question: Tax Implications for a Canadian investing in US multifamily real estate?
Hello,
I'm from Toronto, ON (Canada) and I'm currently trying to understand what the tax implications would be if I were to invest in US multifamily (3-6 units) real estate. How will the capital gains and rental income be taxed (not just by US, but by Canada as well)?
I would also like to know what effect business structures have on taxation (LLC/ LLP/ LP). Apparently double taxation is one of the biggest hurdles for cross border investing.
I would really appreciate some sound advice about this, and if anyone knows someone who specializes in US-CAN cross border tax laws, please let me know.
A big big thanks in advance. (I find BP to be the most helpful community on the internet)
Most Popular Reply
When investing in any type of real estate in the U.S. as a Canadian, the entities that you set up are so important from the perspective of avoiding double taxation and legal liability. It is essential that you consult with an experienced cross-border team including attorney(s) and tax expert(s) to ensure that you access the right advice!