is-wrmnunmwmm-Wy.mu 3,2013 ~. 0 O O 'Iaxed' like a Canadian on your U.S. propertyagood thing ‘ sales in 2012. (Information pro- than [82 days in the current to sell your U.S. property. the sale must be ~ There are thlngs vided by the National Associa- yenror exceed 182 days in oom- reported on your Canadian tax return and to know when tion of Realtors. Proï¬le of lnter- binatlon with the current year. on a US. tax retum. I national Buying Activity 2012. 1/3 ofthe days in the preceding The full amount of any capital gain is buying property found online at year. and 1/6 of the days in the taxable in the US. and you might also have I _ h U S d _ wwwRFAlJDRorg/research.) second preceding year. under to pay state tax. depending on where your . ha quw'mmakingapopular mostcircumyouwflbe propertyisloeated. I In t e ' an . Ulng choice when you purchase a required to ï¬lea U.S. tax/return. If the sale price is north of $300,000. the w to comply “Nth U.S. property â€" and when it You may be able to avoid U.S. Internal Revenue Service (IRS) imposes I comes to paying the bills that being deemed a U.S. ‘resideut’ a widilwlding tax of 10 per cent on the gross tax laws and comewithit.beingtaxedlikea fortaxpurpoaeabyï¬lingaCloe amountolthenle. - Canadian is a good thing. Here's er Connection Exemption for To prevent double taxation. Canada Other government why. Aliens (IRS form 8840) which allows I Foreign Tax Credit up to the . provide. proof that your eco- arnount ofU.S. tax paid. regulations Knowyourvilltflrnhn RUSS nominandsocialties (niches the location of your permanent an and “has {you already own, or are thinking about Most people think if their MCEACHNIE home. family and business buying. U.S. property, you'll have lots of US. stay is shorter than six activities. banking relation~ can and estate tom and probate are dif» Canuck company. months, they won't have to file a US. tax ships. and so on) are more signiï¬cant to ferent in the US. and there may be Canadi- According to the U.S.-based National return. But the formula is more complicated Canada than to the us. an taxation. as well. which could complicate Association of Realtors. Canadians are the than that passingyourpropertyto yourkids. If largest group of foreign buyers in the U.S., When you reside in the us. for more Maternal! Taxes are only one of the mny things accounting for 24 per cent of international you need to consider when you own a i If you intend to rent your property. you cross-border property. That's why you .. will be required to ï¬le a US. tax return and should talk to your professional adviser wo rShi With US bembjecttoaSOpercemWithholdingtu. aboutthebestownershipsuategiesforyou. ‘ Denetrentallnmmeisahosubjectto I Canadian tax less a Foreign Tax Credit for I {I ‘ 3: MAY [â€88 paid in the â€.5. oo- l 1:? “I A 9:130a‘mwofshlpSfl'I/u When edl “I m 1 a.m.â€" ' ‘ ' you ThiswlumnnprwflaibyMcFachnieGoupPriv ‘75 L4... Witwwalfldl Towvrnnscvoun , mmmtmmkmMcEach» «'31-? , b†22 W M, mmamfl 1.313397 Sï¬â€˜mï¬f' Gamma“ are taxed 0" the“ “W“ at. CFRCPGt CDFAatSISâ€"mm, m 241 a, ' .». ' WWW. ‘ ‘ ' ‘ . . II use" In 00:3 _ mu: “W 519-623-7395 x208 0' income â€" winch means that rfyou deade sommnmmmm M “ 94.3 F ‘ FM Tuesdays at 10 pm mmollemcambndgenmes ca TO ADVERTISE YOUR ' is I SPRING OR SUMMER ACTIVITIES ' e I CONTACT MATT MILLER AT I... . . .- . :1 "‘ I ' 519-623-7395 x208 or $5 ' ‘ . 7 .. mmiIIer@cambridgetimes.ca ; ~ .. , ; , . ~ . ~- s ’4 I . _ â€â€˜1 ' , I.“ , . ' 33553:)". ’37:"- ‘ {1L ‘ ,iifé‘? , . whee? { - I l ‘ . I“ - a»; a}: ' we. {ijrq ‘ I {v 1; 117,7 mi“: - 5.5431:- . , fl "13:5“ . The Kâ€"W Montessori (School 19.9 m; II I e - I ï¬xâ€" he I I . . . , , r. {I _'-*E..;_‘. :5; 7r: 2 ’ mmmmm ' ‘=" "â€1â€â€œ . mi:- ' ' 2 .2, ‘1 1 . . I. I I 9...“... ;' .II , W. I mamms ofFoodWsEaSr. wry/mm I I summary. “M71 In. lWheW I . I' : Munoz†_‘nm Alvnlhnd . -wnur - , W. . , I ‘ . .: . . ‘ ‘ w w 57., PIE-lam I . .~ ': m V, m year: Grades 1-8 I . I! 0 Half Day (AM. & RM.) Pre-SchooI - Low Student/Teacher Ratio . ‘ ‘ m. . Programs - French, Music, An & Phys. Ed m ml . ; a Full Day IK & SK - 5 Days Per Week 0 Extracurricular Activities 3 cheese ] Mic _. 5“" “2:22“ , . :- . aAfterSchOOICare ~CCMAAccredindSchool . ,. , III II II IIIâ€, ,_ IIIIII mm ., / I »_ WI‘Mw“ I I ‘.' II ITHTIT4\.‘w I . ,HH, .. wr (r e (MkwihwllJ‘ Ans: Vet-cw ., I . a, I“. H . , .III "43.1“ .; www.goodfoodanddnnkfestrval.<om