Search found 2 matches
- Thu Mar 31, 2022 2:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Co-sign on mortgage while remaining non-ordinary resident
- Replies: 4
- Views: 8227
Re: Co-sign on mortgage while remaining non-ordinary resident
Thanks for the response. So in the event that I take on a small portion of the ownership, such as 1% -- would you happen to know if this counts as a 'significant residential tie? I find the information in the Income Tax Folio S5-F1-C1 [1] quite unclear - as it seems as though it might count as a pot...
- Thu Mar 31, 2022 10:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: Co-sign on mortgage while remaining non-ordinary resident
- Replies: 4
- Views: 8227
Co-sign on mortgage while remaining non-ordinary resident
Hello everyone, due to my mother's financial situation I am planning to co-sign on a mortgage in order for her to qualify for a mortgage. I am trying to figure out whether or not if I be a minimum owner of 1%, if this will affect my tax residency while i reside in America -- I am currently on a TN a...