Serbinski Weinberg, Ltd., Certified Public AccountantsTax and other financial matters concerning Canadian professionals in the U.S. and U.S. citizens in Canada Includes income and estate taxation, social security, health insurance, retirement accounts, cross border tax issues, and other matters affecting your pocketbook. Topic Administrator: Mark T. Serbinski, CA, CPA of Serbinski Weinberg, Ltd. CPA's and Serbinski Partners, Chartered Accountants

Canada to U.S. Business Immigration Newsgroup

Topic: Tax and Financial

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Posted by Nelson on August 26, 2004 at 06:13:37:

In Reply to: Re: Live in US, Buy Cdn house, rent it out, Residential ties posted by Luke Kolin on August 25, 2004 at 23:29:26:

If I buy a house in Canada as an investment and possible retirement home, but rent it out while in the States on H1B, could that be construed as a residential tie by Revenue Canada?
If you have a clear long-term lease on the house that would prevent you from easily moving into it, you should be OK.

Cheers!

Luke
Besides, as long as you truly LIVE your daily life in US, the tax treaty protects you from Cdn taxation on world income even if you have a house or cottage in Canada.

But with it rented out, it's not even a question.


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