Being a lease co-signer and Canadian residency
Moderator: Mark T Serbinski CA CPA
Being a lease co-signer and Canadian residency
I am a Canadian living and working in the US since Jan 1 2021, hence a US resident. I may have to co-sign for a relative on a lease in Ontario, but I don't actually live there. Will this make me a Canadian resident? My understanding is no because I am living and working in the US, which will render me a US resident regardless under the tie-breaker rules.
Re: Being a lease co-signer and Canadian residency
No, you will remain a US resident, even if you owned the house outright. You live and work in US.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing