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    Metro Huculak's Avatar
    Metro Huculak Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 3, 2009, 04:34 PM
    Foreign ownership
    Where do I find info on Canadian taxes fro owning a home in the USA? What can I claim on my taxes?
    Metro
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 12, 2009, 12:52 PM
    If you are renting the house in the U.S. you will have to file a U.S. tax return in aiddtion to the Canadian tax return.

    The Canadian tax authority has a website just like the IRS. I suggest you start there.
    IntlTax's Avatar
    IntlTax Posts: 831, Reputation: 23
    Tax Expert
    		  
    #3

    Jun 13, 2009, 04:51 AM

    And when you sell the house, U.S. tax will be due on the gain. Special withholding rules apply to sales of U.S. real estate by nonresident aliens.
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