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lo - it u Htl in t tnitomt u - manna“ ldtiiiaIV H mm ' N Things to consider before buying a vacat'on property U 8 property \dltlt‘s are shrink ' Health and lfyour primary .t ll 5 income tax return more than 5.300.000. the IRS tng. Int-style concerns \ l \l\ l \ ‘ source ofincome is in 0 Renting your property imposes a \\I[lillt)ltllllg tax of In In:- Ioonte ix slilingrlsh You U need to look V g I this country and the If you rent the property When per cent of the gross amount of the \our {main ta] me is in good at personal health \l()_\ I‘ ('anadian dollar coir you re not using it. you WI” be sale. shape. tare. medication and ttnues to be strong. required to file US tax returns [hese are Just some of the find you find yourself checking hotuercare requtrer ' . your U S. ownership and be subject to a 30 per cent crossborder vacation property Ins out Us. vacation properties in nit-ms. ' . and living costs will be withholding tax on this rental and outs to consult-r warm southern clintes or near L()(ll And don‘t forget reduced. income. I'hat's why it‘s ti good idea to deep powder slopes. about your pet-care . «it; But if the lootiie - Selling your property. contact a knowledgeable financial welcome to the club Currently issues. : . goes down, your living When you sell a US. property. professional before you sign on I I per cent ofall international Us. ‘ legal differences. fin . ' expenses and the you will have to deal with the the dotted line homebuyers are. Canadians. Mortgages are "a »‘ ' monthly payments on Canada Revenue Agency. the U 8, according to the National Associa- structured difierently at» your US debt will go Internal Revenue Service, and pt)» tion of Realtors, and that percentâ€" in the us. and may be up. sibly the tax collector tn the state age is predicted to climb as the somewhat more difii~ . - Tax implications. where your property is located. [his column. written and strong Canadian dollar makes ever cult to obtain. or sub- lfyou are a Green And whether you sell it for again published by Intesturx Group more US. properties financially ject to more stringent (lard holder, reside in or loss. you must report the trans- Financial Services Inc. presents feasible for potential Canadian restrictions, in the the US. for more than action on a us. tax return, general infommtion only and is buyers. wake of the subprime lending 182 days in a current year or The full amount of a capital no! u solicitation to buy or sell any Ifyou‘te currently shopping for meltdown. exceed 182 days in a combination gain is taxable in the US. and arty llll’t’SIIYWIIIS. Contact Russ . an American vacation property, Gift and estate taxes and mo of the current year. 1/3 of the days capital gain or loss on a sale must McHu‘hnie ur519»886-2360. art. there are plenty ofother things to bate are also different south ofthe in the first preceding year and [/6 also be reported on your (‘anadian 241 or email him at consider â€"- beyond price â€" before 49th parallel. of the days in the second preced- tax form. Russell.rnceuchIiidfl'intesmrs» you take the plunge. ° Currency fluctuations. ing year, you will be required to file If your [1.8. property sells for groupcom. , . a ._ F a y. . a“. CTT helps create strategy a» s W WNW : E“ m! V? - . - Dbl-WIF‘MCV 1'3”“? . . , . WQFLKJYJ if”) erflflfia Jml. :Hflfiawt 55‘ at? JEUQJmI Economic development execu- months â€" was international trade E . A lives from across the country met and investment. i ‘ ' ’ We make custom pieces 25’1““ 0f exflenence in Ottawa Monday to work togeth- Economic development agen- ‘ 3 5. .y ‘ L er with invited federal government cies participating iii the meeting .. t . .. , .. as “ departments and a encies on a included Waterloo Re ion‘s (Iana» ,_ . l ‘ it , . f . ,. . , . . g . . . g >3 § ‘11- g t". l (I! I ‘ in; ‘ L: y "*sz __ 3", “3.; t~ awtK‘mv unified bustness attraction strategy da's Technology I‘riangle. - tr " -~‘ - 'g g. ‘.' 4“ t . ' L ”155* If“ h ' 4‘ that recognizes the dominant role "Large cities play art increasing ‘25s - T ‘ ofurbaneconomies. important role in today's global ’. r t f” r "l " u r 2 “I ”I... According to members of the economy," said lohn lung. (LEO of _ “ Canada International Work Group. (TIT. .0 '0 mmmnmmnm Canada's largest cities represent "I have been encouraged by the ' Solid Wood Quality 53- Canadian HandACraftcd 10 m 01" onllnc “1810’ more than 50 per cent of Canada's commitment of my peers to work a . economic activity. The focus for the together to tackle Canada's chal» .7388 3 Llno RR. 2 Wollonstoln. 0N Phone: 519-689-4118 No Sunday Calls Ottawa meeting â€" the third by lenges in sustainable economic Canada's large cities in the past 20 development.” . , , ‘ d l 7’, a 7' r ‘ ‘ ‘ ' a "' t , - r. . .« "x ' M "a. . ,, g ‘ \ 0 ‘4‘. ’1: ' WI” 2.} l l ‘ ‘ ‘l‘f i [31‘ l l‘ '7n-s\ ": "J I: k ; é ’- .. 9' ,_ ‘. 439$ :5 _ 4; ‘- .;. .. ‘2' . Jestfl-‘rv' . I a 12'“? «fixfi'w‘wfi A~ a ‘2» a “.43 » . , . 1‘. ~ 2:“ 1 f b, ‘ - we; a»? * w a. ‘ = ' V ‘ ‘~ -. YR ‘ . at .,. a}: a; ‘ ' , r‘ . I ‘ s 1.. 5'1". . ‘ ‘ I fél“"3§7 as; "I; ' . . ‘ \ . . : . n“ w ~ ‘-‘ THE ULTIMATE LOCAL BUSINESS SEARCH . Video Commercials °Virtua| Consumer °Sa|es and Specnals ( r. 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