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Mortgage Broker News | 13 Jan 2015, 06:57 AM Agree 0
US citizens living in Canada may find they are hit with hefty tax bills when they sell their home.
  • AnthonyC. | 13 Jan 2015, 11:09 AM Agree 0
    And this is news...? Its been in both the Canadian and U.S. Tax Code for years...its a standard withholding tax applied not only to real estate income but also other investments and service-based generated fees and income as well...applicable to most all vocations and investments by non-residents, sans those precious actors and athletes.
  • Jerry Quigley | 13 Jan 2015, 11:50 AM Agree 0
    Don't we all wish we have this problem! You have to have a profit > $250,000 ( $500,000 for a married couple ) and then you pay 15% of any excess. Give me those problems every year, please!
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