US Cross-Border Tax Blog

Published by W.L. Dueck LLP

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US Vacation Home Rules

Many Canadian residents took advantage of the depressed US housing market and the strong Canadian dollar during the last few years and have purchased vacation homes in the US. Some of these individuals will use their US homes exclusively for their own enjoyment while others may decide the rent the homes out during certain periods to defray the costs of home ownership. The US tax implications of owning a vacation home by a Canadian resident who is not a US… Read More