Taxation – “Unproductive Use” of Canadian Housing by Foreign Non-resident Owners
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…
Foreign Owners of US LLCs (single-member) Must Report to IRS
Foreign owners of single-member US LLCs now forced to report to tax authority (IRS).