All Posts in Category

Nicaragua

Canadian government tax on foreign property

beach-and-taxes-canadian
September 22, 2020 in Market Updates, Nicaragua

Canadian government is checking to see if any Canadians have invested in real estate ovrseas specifically rental or commercial properties. https://financialpost.com/personal-finance/taxes/snowbirds-beware-the-cra-is-hunting-for-bulk-u-s-real-estate-data-to-keep-tabs-on-transactions-by-canadians?fbclid=IwAR2CP_kEEyq_Kwz3vY-E1kqqJEH0_k–e_w6V8W_BtziyeIIepaM2PsJTxA Canada wants to make sure they receive the corresponding tax for these income producing properties. First up will be in the US where we have seen substantial investment by Canadians. Suggestion to the wise,…

Monthly expenses August

monthly-expat-expenses-nicaragua
September 22, 2020 in Market Updates, Nicaragua

Monthly expense overview for August. We are still a low cost country compared to Panama and Costa Rica. We analyzed our budget compared to May of this year, or main cost increase was a five day vacation in Las Penitas, that was an additional cost of US$575. We also had a increased cost with groceries…