This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Can I include a home in Ontario in my Florida Trust and what are the tax implications? Upon our passing the Canadian home in the trust would go to my wife's two son who are Canadian citizens.
Why would you want a CND home in A foreign trust? Just set up a CND trust if you want this type of vehicle the CND residential trust will hold the property and for estate purposes will qualify as a trust without any withholding tax issues.