Canadian citizen leaving US- Owned house- Lease or sell

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

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NewCanadian
Posts: 75
Joined: Sun Mar 07, 2010 5:07 pm

Canadian citizen leaving US- Owned house- Lease or sell

Post by NewCanadian »

I posted in other forum. If I have to leave US suddenly, I can put my basic stuff in a storage and rent my home in US?

I have got a very good mortgage rate so rent would cover all expenses including property manager expenses and still 60% of mortgage would add to equity.

Sooner or later, I have to sell US house when I become Canadian resident. How do I calculate taxes if I continue to lease or sell?

Can I use W8ECI to give to my property manager next year to avoid 30% withholding tax?
Phil Hogan, CA
Posts: 30
Joined: Fri Jan 08, 2010 12:11 pm
Location: Victoria BC
Contact:

Post by Phil Hogan, CA »

Are you a US citizen or only down temporarily?

Phil
Phil Hogan, CA, CPA (Colorado)
Cross-border investment advisor
http://philhogan.com
250-661-9417
Victoria BC
NewCanadian
Posts: 75
Joined: Sun Mar 07, 2010 5:07 pm

Post by NewCanadian »

Canadian citizen on work visa to US.
NewCanadian
Posts: 75
Joined: Sun Mar 07, 2010 5:07 pm

Post by NewCanadian »

Canadian citizen on work visa to US.
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