Canada’s Underused Housing Tax: No Good Options For Americans/ Can You Think of Any?

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we submit this problem to the IRSMedic community. Canada's Underused Property tax takes aim at foreign owners of Canadian real estate. As far was a can tell - this is a difficult tax to avoid as Canadians are specifically exempted.

Host Anthony E. Parent, Esq. of IRSMedic interview John Richardson over his latest article
https://citizenshipsolutions.ca/2023/02/21/canadas-underused-property-tax-no-good-options-for-u-s-residents-who-own-a-second-home-in-canada/

Joining them is Keith Redmond, Global Advocate for the American Aboard as he weighs in on this latest international tax regime, that is designed to punish and direct social policy.

A careful reading of the statute reveals that the occupancy test CANNOT be satisfied by the owner occupying the property for 180 days of the year. Rather the “occupancy test” is satisfied only if people other than the owner occupy the property for at least 180 days per year. This is an important distinction. Canada Immigration allows U.S. citizens to visit Canada for up to six months (approximately 180 days). My reading of the statute is that occupancy by an owner who is neither a citizen nor permanent resident of Canada will NOT satisfy the “occupancy test”. Rather, occupancy by other people is required. Let’s see why …
John RICHARDSON
www.citizenshipsolutions.ca
citizenshipsolutions@proton.me

If you want to remain a US citizen but lessen the impact of US taxation, the best time to get a tax plan together is now. Contact Anthony to help you.

Anthony PARENT
www.irsmedic.com
aparent@irsmedic.com

If you aren’t sure what to do but don’t want to be forced into something that isn’t right for you, the best time to reach out to Keith Redmond is now. Contact Keith to help you.

Keith REDMOND
https://www.facebook.com/groups/AmericanExpatriates
US_Overseas_Advocate@outlook.com

Видео Canada’s Underused Housing Tax: No Good Options For Americans/ Can You Think of Any? канала IRSMedic