The What If Nightmare... when Canadians buy US property
Canadians who buy real estate in the United States often do so for emotional reasons but aren’t aware of all the problems that can arise. Darren tackles this with Shlomi Levy of Levy Salis LLP, whose practice is dedicated to US and Canadian tax and estate planning for individuals and corporations. The firm has offices in Montreal, Toronto and Florida. https://levysalis.com/
Darren and Shlomi discuss ways Canadians can buy US property, how to raise financing, differences between US states, and various what-if scenarios. What happens if someone becomes incapacitated? What are the rights of survivorship? How Power of Attorney differs between the two countries. Never mind all the potential issues with tax such as how to avoid double taxation.
