Canadian citizen leaving US- Owned house- Lease or sell

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NewCanadian
Posts: 69
Joined: Sun Mar 07, 2010 5:07 pm

Canadian citizen leaving US- Owned house- Lease or sell

Post by NewCanadian » Sat Oct 18, 2014 6:43 pm

I posted in other forum. If I have to leave US suddenly, I can put my basic stuff in a storage and rent my home in US?

I have got a very good mortgage rate so rent would cover all expenses including property manager expenses and still 60% of mortgage would add to equity.

Sooner or later, I have to sell US house when I become Canadian resident. How do I calculate taxes if I continue to lease or sell?

Can I use W8ECI to give to my property manager next year to avoid 30% withholding tax?

Phil Hogan, CA
Posts: 27
Joined: Fri Jan 08, 2010 12:11 pm
Location: Victoria BC
Contact:

Post by Phil Hogan, CA » Sat Oct 18, 2014 8:00 pm

Are you a US citizen or only down temporarily?

Phil
Phil Hogan, CA, CPA (Colorado)
Canadian and US Income Tax
http://www.hutcheson.ca/about-us/philip-hogan/
http://xborderpros.com
250-661-9417
Victoria BC

NewCanadian
Posts: 69
Joined: Sun Mar 07, 2010 5:07 pm

Post by NewCanadian » Sat Oct 18, 2014 9:36 pm

Canadian citizen on work visa to US.

NewCanadian
Posts: 69
Joined: Sun Mar 07, 2010 5:07 pm

Post by NewCanadian » Sat Oct 18, 2014 9:36 pm

Canadian citizen on work visa to US.

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