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Owning U.S. property could mean cross-border tax implications

Posted on 02 August 2011

The U.S. housing market continues to struggle, and many Canadians are looking to take advantage of the low prices in climates that are warmer than here.
If you’re planning to retire to Florida or Arizona, housing prices are probably looking too good to pass up. I can’t offer too much advice about what to look for in a house, but once you become an owner of a U.S. property, there could be some tax implications depending on your plans……………………………………….Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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