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- Sat Mar 22, 2014 5:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Interest on US mortgage loan paid to Canadian
- Replies: 0
- Views: 1769
Interest on US mortgage loan paid to Canadian
Situation: I am a Canadian resident and have made a loan (secured by a mortgage) to my nephew in Massachusetts. He makes monthly P+I payments to me. Questions: Are the interest payments subject to withholding tax, or are they exempt pursuant to the Canada-US tax treaty? If exempt, do I still need to...