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The Little Known Tax Trap about U.S. Citizenship
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Curious about the hidden tax traps waiting for Canadian real estate investors with US properties?
In this intriguing episode, I interview Alexander Marino, a U.S. lawyer and Director at Moodys Tax in Calgary. Alexander specializes in helping people from all corners of the globe renounce their U.S. citizenship, a process that many find liberating.
He reveals the complex world of U.S. tax obligations, citizenship renunciation, and how to navigate these challenges effectively.
Alexander shared some enlightening insights during our conversation, which I think many of you will find invaluable, especially if you're navigating similar considerations.
Key Moments In This Episode
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00:00 Intro
02:26 Renunciation Process
07:03 Non-Resident Tax Implications
09:17 Tax for US Citizens in Canada
13:47 IRS Power Increase
16:01 Case Study: Boris
20:03 History of US Taxation
22:01 Tax Issues for US Citizens in Canada
27:56 Financial Benefits of Renunciation
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!
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Please make sure to speak to a professional that knows your personal situation before making a decision.
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SIGN UP FOR OUR NEWSLETTER
Want to stay up-to-date with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here:
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Want to PAY LESS TAX as a real estate investor?
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FOLLOW ME ON SOCIAL MEDIA:
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⭐Cherry’s Best Real Estate Tax Tips ⭐
➡️Navigating the New Capital Gains Inclusion Rate:
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DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.
#CherryChan #RealEstateTaxTips #RealEstateInvesting #CanadianInvestors #RealEstateCanada #canada #taxes #CRA #RealEstateTax #UStax #UScitizenship
In this intriguing episode, I interview Alexander Marino, a U.S. lawyer and Director at Moodys Tax in Calgary. Alexander specializes in helping people from all corners of the globe renounce their U.S. citizenship, a process that many find liberating.
He reveals the complex world of U.S. tax obligations, citizenship renunciation, and how to navigate these challenges effectively.
Alexander shared some enlightening insights during our conversation, which I think many of you will find invaluable, especially if you're navigating similar considerations.
Key Moments In This Episode
========================
00:00 Intro
02:26 Renunciation Process
07:03 Non-Resident Tax Implications
09:17 Tax for US Citizens in Canada
13:47 IRS Power Increase
16:01 Case Study: Boris
20:03 History of US Taxation
22:01 Tax Issues for US Citizens in Canada
27:56 Financial Benefits of Renunciation
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!
----------------------
Please make sure to speak to a professional that knows your personal situation before making a decision.
----------------------
SIGN UP FOR OUR NEWSLETTER
Want to stay up-to-date with all the latest news about Real Estate Tax Tips, receive weekly tax tips and free real estate investment resources? Then subscribe to our newsletter here:
----------------------
Want to PAY LESS TAX as a real estate investor?
----------------------
FOLLOW ME ON SOCIAL MEDIA:
----------------------
⭐Cherry’s Best Real Estate Tax Tips ⭐
➡️Navigating the New Capital Gains Inclusion Rate:
----------------------
DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance on such information is, therefore, strictly at your own risk.
In no event will we be liable for any loss or damage, including, without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.
#CherryChan #RealEstateTaxTips #RealEstateInvesting #CanadianInvestors #RealEstateCanada #canada #taxes #CRA #RealEstateTax #UStax #UScitizenship
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