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
========================
00:00 Intro
02:26 Renunciation Process
07:03 NonResident 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 taxsaving 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.

If you need to talk to someone on my team, email us at [email protected].



SIGN UP FOR OUR NEWSLETTER

Want to stay uptodate 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:
https://realestatetaxtips.ca/youtube



Want to PAY LESS TAX as a real estate investor?
Check Out All of My Tax Saving Resources HERE: https://realestatetaxtips.ca/resource.



FOLLOW ME ON SOCIAL MEDIA:
Facebook:  / realestatetaxtips  
Instagram:   / realestatetaxtips  



⭐Cherry’s Best Real Estate Tax Tips ⭐

➡ Refinancing vs. Selling a Rental Property:    • Refinancing vs. Selling a Rental Prop...  
➡Bouncing Back from a 6Figure Loss to a Dragon's Den Contestant:    • Bouncing Back from a 6Figure Loss to...  
➡Navigating the New Capital Gains Inclusion Rate:
   • Navigating the New Capital Gains Incl...  
➡The Little Known Reason WHY Canadian Property Prices Are Going Up:    • The Little Known Reason WHY Canadian ...  
➡How to Prevent a CRA Audit:    • How to Prevent a CRA Audit  
➡Leaving Canada for U.S. Real Estate:    • Leaving Canada for U.S. Real Estate  



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.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
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