Canadian taxation | Financial Tools

Canadian Taxation of Recreational Properties Owned by US Residents

The following comments are intended to assist US-resident individuals in assessing the Canadian tax consequences associated with acquiring real estate in British Columbia for recreational or personal use. The comments are of a general nature only and are not intended to constitute tax or estate planning advice to any particular purchaser of Canadian real estate. There are additional income and commodity tax issues related to real estate acquired for use in a business or for rent or lease. These issues are not considered next.

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Useful Links

• » What Happens When I Acquire Canadian Real Estate?
• » What Happens During the Period of Ownership?
• » What Happens When I Dispose of Canadian Real Estate?
• » How does Canada Enforce its Right to Tax US citizens?
• » What Happens if I Gift the Property or Dispose of it to a Non-Arms Length Person?
• » What Happens if I Die While Holding Canadian Real Estate?