Serbinski Accounting Firms

Is there any Canada-US tax treaty benefit for withholding tax derived from a US based partnership (LP) with a Canadian individual owner. Essentially, the withholding is supposed to be 39.6% for noncorporate partners. Is there a reduced rate for Canadians. I read somewhere that it may perhaps be 30 ...

No problem. I used it initially because I wasn't sure if other people would chime into the discussion. Thanks for your input.

Yes, I am aware of the mandatory depreciation requirement in the US. Thanks for pointing out the exchange rate part. That could be the saving grace. Its almost like I want to pay more taxes in Canada, LOL

[quote="nelsona"]Such is life.

The best you can hope for is a currency change that would make your Cdn tax higher. In fact, if you bought when the C$ was at par and sell anytime later (since the C$ will never be at par again this side of the 2030's), there is your increased Cdn tax burden. Yippee ...

Hi,


I'm a Canadian who owns real estate investment property in the US through a Nevada based LLP. My question is in regards to the long term impact of different depreciation schedules and the tax implication of it. Specifically, when I sell of the properties (assuming all will be sold in the same ...