Canadian government tax on foreign property
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,…