Tag: foreign

Taxation – “Unproductive Use” of Canadian Housing by Foreign Non-resident Owners

Paul S.O. Barbeau0

The 2021 Federal budget proposes to introduce a new national one percent (1.00%) tax on the value of non-resident, non-Canadian owned residential real estate property considered to be vacant or underused. The tax applies to owners other than…

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Foreign Owners of US LLCs (single-member) Must Report to IRS

Paul S.O. Barbeau0

Foreign owners of single-member US LLCs now forced to report to tax authority (IRS).

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New Tax on Foreign Buyers of Vancouver of Real Estate

Paul S.O. Barbeau0

Foreign buyers of Metro Vancouver real estate will be taxed an additional 15 per cent, the government announced today in new legislation.

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US Limited Liability Limited Partnerships (“LLLPs”)

Paul S.O. Barbeau0

This article addresses the question of characterization of US LLLP, by setting out the principles that it would rely on, to make that characterization.

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