Residential Ties from Rented House

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JCJ
Posts: 2
Joined: Wed Oct 27, 2004 1:24 pm

Residential Ties from Rented House

Post by JCJ »

If I buy a house in Canada as an investment and possible retirement home, but rent it out while in the States on H1B, could that be construed as a residential tie by Revenue Canada?
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Luke Kolin
Posts: 6
Joined: Wed Oct 27, 2004 1:53 pm

Post by Luke Kolin »

If you have a clear long-term lease on the house that would prevent you from easily moving into it, you should be OK.

Cheers!

Luke
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Nelson
Posts: 25
Joined: Wed Oct 27, 2004 12:01 pm

Post by Nelson »

Besides, as long as you truly LIVE your daily life in US, the tax treaty protects you from Cdn taxation on world income even if you have a house or cottage in Canada.
But with it rented out, it's not even a question.
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jfd5356
Posts: 64
Joined: Wed Mar 30, 2005 10:19 am
Location: Nova Scotia
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Post by jfd5356 »

http://forums.serbinski.com/topic.asp?TOPIC_ID=11

See the previous answer to this question.

jo
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