Canada and the U.S. have two distinct tax and legal systems. When a Canadian owns assets in the U.S., they are now subject to a combination of laws on both sides of the border.
One of the key questions that we address is how a client should take title of their U.S. residence in Florida. Many owners currently have the property in their name personally which may expose their family to unwanted and costly problems upon their passing.
With proper planning, a Canadian may avoid a host of legal issues. Our attorneys analyze the facts specific to each situation and then recommend and implement a customized plan that ensures a smooth transfer of assets to the next generation in a tax-effective way.
- Representation of Canadians and other non-U.S. citizens in buying and selling U.S. real estate
- Foreign Investment in Real Property Tax Act (“FIRPTA”) issues
- Obtaining U.S. mortgages
- Structuring investments in U.S. real estate