They discuss renting vs. buying property in the U.S., the questions to consider when choosing the right structure to hold title of your property, the state of the real estate market in Florida, how to protect yourself and your family from the U.S. probate procedure, creditors, taxes and much more. Read the rest of this entry »
David was interviewed by Joseph Planta for thecommentry.ca, the online home of Planta’s interviews with “renowned bestselling and prize winning authors, Canadian newsmakers and political figures, internationally known print and broadcast journalists, prominent academics and public intellectuals, as well as noted artists and personalities.”
He describes the state of the U.S. real estate market and why there are so many opportunities for Canadians today. He explains the Cross Border Trust in detail and lists its advantages. David also talks about the upcoming changes in the U.S. tax laws and what they could mean for Canadians who own or are looking to purchase property in the U.S.
Listen below as David discuss the “perfect storm” of advantages for Canadians looking to buy property in the U.S. as well as potential pitfalls such as U.S. estate tax, ownership structures, succession planning and more!
On the August 25th episode of Dollars and Sense on CJAD 800 AM, host, Matt Altro and legal expert David A. Altro discuss why now is the time to buy property in the U.S., the difference between U.S. and Canadian tax laws, and much more!
In part 2, David tells listeners some disadvantages of holding a property in a corporation and explains the U.S. amnesty program. Nick calls in about owning a property in Florida and what problems he may encounter in the future. David explains to Eleanor, a U.S. citizen living in Canada, the forms she must file to avoid potential tax problems.
In part 3, Matt and David talk about changes to the U.S. estate tax laws and explain two questions everyone must ask themselves concerning U.S. estate tax exposure. You can calculate your own U.S. estate tax exposure here.
In part 4, David talks about the launch of his new book, Owning U.S. Property – The Canadian Way, 2nd Edition, and Marco calls in to ask about holding properties in a corporation vs. in a Cross Border Trust. Finally, Matt explains the major issues concerning moving to the U.S. that Canadians need to be aware of, as well as some options to explore for getting a green card.
On the March 24, 2011 episode of “Dollars and Sense” on CJAD 800 AM, host, Matt Altro and legal expert David A. Altro discussed various problems and solutions for Canadians who own or who are looking to purchase U.S. property.
In parts 1 and 2, David gives advice on how to choose what area in the U.S. to buy property in, what type of offer to make and issues that can arise, such as probate and U.S. estate tax.
In Part 3, Matt and David take calls from listeners. Jean asks about dual citizenship and inheritance. Rudy wants to know how U.S. and Canadian residency can effects executors of a will and Bob asks about incorporating his business when he moves from Quebec to Ontario.
In Part 4, Catherine asks about shares purchased over 30 years ago and their effect on her ability to get a loan today.