This is unbelievably high quality content, I can't believe this doesn't have more views. Subscribing!
@AllanMadanCA
7 жыл бұрын
Hi Kellan, thank you for the wonderful feedback. I really appreciate it.
@CJ-gp9yh
4 жыл бұрын
This would have cost $300-1500 in consultation fees. Well done mate!
@dougallan5344
4 жыл бұрын
Great video Allan. For a Canadian investing in a US rental property, where the down payment is funded via line of credit, would you suggest holding the property title in a CCPC and loaning then down payment to the CCPC from individual investor?
@surjs3599
2 жыл бұрын
Wow - great information. I been looking into purchasing US property as Cdn investment properties r too high. Thus cap rates r low. This video explains it simply. I saved this video as a reference. Thx.
@MikeRosehart
4 жыл бұрын
If you purchased in a Corp and ran active Airbnb business - would it count similarly to in Canada?
@simonblunden2151
Жыл бұрын
You can actually apply for a US ITIN before filing your tax return. I did.
@AbhayFernandez
2 жыл бұрын
Great summary and explanation! Thank you Allan!
@shinestarmarketing2635
4 жыл бұрын
Great
@pshakd2d
4 жыл бұрын
So you still Have to pay that 17k tax in the USA plus the 3k in canada right ?
@ella3266
4 жыл бұрын
yes
@jkapageridis
2 жыл бұрын
Great video. Thanks very much for posting!
@jimmyb4956
4 жыл бұрын
Hi Allan, love your videos very informative (just subscribed) not to mention easy to understand! have a couple questions still 🤔 1. as a dual citizen (currently residing in Canada) am I eligible for a 1031 exchange? 2.if I moved to the states would I still have to pay a portion of rental incomes for my us rentals?
@wendyengineer
2 жыл бұрын
Nice video. For rental properties in Florida, I know that homeowners are required to file Form T1135. Do homeowners need to file Form T776?
@yousefreda6020
6 жыл бұрын
So if we dont plan on selling property in Florida does this mean it is better to invest in florida versus canadian proeprty in a tax perspective? If all we wanted was monthly net income?
@AllanMadanCA
6 жыл бұрын
Hi Yousef, whether you invest in a Florida property or a Canadian property, you will end up paying the same amount of income tax, if you are a Canadian resident. This is assuming you have setup a proper cross border structure for Florida properties to avoid double tax.
@123lifeful
5 жыл бұрын
@@AllanMadanCA hi Allan. Very good and clear information. Now what do you means by setup a proper cross border structure in case of a canadien resident who invest in the us (This is assuming you have setup a proper cross border structure for Florida properties to avoid double tax). Thank You
@HASSANOIZE
4 жыл бұрын
Nice video , what s the simplest way to get U.S itin for canadians?
@shinestarmarketing2635
4 жыл бұрын
Great nice content
@DMGREALTYGROUP
6 жыл бұрын
Hello Allan I am a property manager in Chicago, We recently had an investor request for us to sign a letter for the IRS in order to apply for TIN. In this letter provided by the owner , our company is stating we are the tax withholding agent for 2018. I have a couple questions for you. 1. Is this a common practice as the majority of our investors form us companies and obtain their tax id numbers that way? 2. What would be our role and responsibilities once the letter is provided? Thank you in advanced.
@AllanMadanCA
6 жыл бұрын
Hi, Yes, this is common practice. US persons (including yourself) that remit rental payments to non-resident aliens, must hold-back 30% tax and remit the tax withheld to the IRS. However, if the non-resident alien provides you with form W8-ECI along with his/her ITIN, then you are not required to hold-back tax.
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