Tax Pitfalls for Canadian Buyers of U.S. Recreational Property
With the waning value of the U.S. dollar, an emerging trend among foreign investors is to acquire U.S. real estate. Consistent with this inbound investment trend, a number of Canadians are purchasing U.S. recreational property.
Various ownership arrangements are available for acquiring and holding U.S. real estate. Since each investor is unique, selecting the optimal ownership arrangement will depend on a number of factors, including the owner’s intended use of the property, duration of intended ownership, plans for future disposition to family members, etc. View full article (PDF).