Advisor.ca – Low loonie = opportunities for U.S. real estate

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Shlomi Steve Levy was recently interviewed by Susan Goldberg for an article which appeared on Advisor.ca. In the article, Susan and Shlomi review various options available for Canadians who already own US Real Estate. The article shows how the falling Canadian dollar may benefit Canadians who have already invested in the US market by following one of these four options: sell, rent your place, refinance or downsize.

Click here to view the article online or scroll down to read an excerpt from the piece.

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Advisor.ca – How to keep ahead of our plunging dollar

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Shlomi Steve Levy was recently interviewed by Susan Goldberg for an article which appeared on Advisor.ca. In the article, Susan asks Shlomi about what special considerations Canadians need to have front of mind when investing in US real estate while the Canadian dollar is suffering. Read the rest of this entry »

The Protecting Americans from Tax Hikes Act (“PATH”): Changes to the Treatment of Real Estate Investment Trusts (“REITs”)

Blog by David A. Altro

Last week, I blogged about PATH and the changes the legislation makes to the Foreign Investment in Real Property Tax Act (“FIRPTA”). One of the most important changes is that certain foreign pension funds are now exempt from FIRPTA when they dispose of U.S. real property. It was predicted that the exemption would increase the amount of foreign investment in U.S. real estate, and Canadian pension funds are already capitalizing on the change in the law: Canada’s largest pension fund, Canada Pension Plan Investment Board, recently announced its joint purchase of a $1.4 billion U.S. university student-housing portfolio with Scion Group LLC and Singapore’s GIC Private Ltd.
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The Protecting Americans from Tax Hikes Act: New U.S. Law Paves Pathway for Important Changes to FIRPTA

Blog by David A. Altro

U.S. Congress was busy at the end of the year. There was much debate about several key pieces of legislation that have the potential to affect Canadians in 2016, including the popular EB-5 investment-for-visa program, which I most recently blogged about here. Amid the flurry of activity, President Obama signed a key piece of legislation into place: the Protecting Americans from Tax Hikes Act of 2015 (“PATH”).

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Happy Holidays!

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From our family to yours, best wishes for a joyful holiday season!

The Team at Altro Levy

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EB-5 Program Extended in Current Form until September 30, 2016

Blog by David A. Altro

Altro Levy has been closely following the progress of legislative changes proposed to the U.S’s popular EB-5 investment-for-visa program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. (See my post from Monday here, as well as an earlier, more detailed blog explaining the program’s history here).
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EB-5 Program Gets another Five Days; Congress to Finalize New Bill December 16

Blog by David A. Altro

I recently wrote about the popular EB-5 Regional Center program, which allows foreign investors to fund U.S.-based projects with a minimum investment of $500,000 in exchange for Green Cards. The program was originally set to sunset on December 11, 2015, but has received a short extension until December 16, when it will likely be renewed with improved reforms in place.
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The State of the EB-5 Program: Sunset Date of December 11, 2015 on the Horizon

Blog by David A. Altro

The U.S.’s popular EB-5 investment-for-Green Card program is set to sunset on December 11, 2015; Congress, however, is currently considering proposed legislation that would extend the life of the program beyond December 11. I’ve prepared a short explanation of the EB-5 program, its legislative history and the most important pieces of legislation circulating in Congress right now.
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CBC News – Taxman clamps down on snowbirds heading south, hopes to save millions

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In the news this week are several stories surrounding the Canada Revenue Agency using the number of days Canadians spend abroad to limit access to federally funded programs. CBC Radio One interviewed Matt C. Altro on the topical story which was published on October 27 on CBC’s website.

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Upcoming Radio Show: September 8, 2015

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Tonight, September 8th tune-in to CJAD 800AM at 7PM to hear David A. Altro and Matt C. Altro discuss cross border issues. During the show we will be answering caller questions, but you can submit your questions now and we will answer them on-air.

There are multiple ways to submit a question for our next show:
 

 
If you submit a question remember to tune-in to CJAD 800AM at 7PM tonight.
 
For a full list of upcoming radio shows, please click here.
 
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