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ARTICLE · 06 JUNE 2020

Canadians Looking To Sell US Real Estate: Plan In Order To Avoid Roadblocks

Moodys Private Client Law
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In a previous blog, our firm discussed five key tax issues for Canadians that are planning to sell personally-owned US real estate.

CanadaReal Estate and Construction
Gabriel Castillo JD, LLM
Gabriel Castillo JD, LLM
Kevin Kirkpatrick
Kevin Kirkpatrick
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In a previous blog, our firm discussed five key tax issues for Canadians that are planning to sell personally-owned US real estate. As the Canadian dollar continues to weaken against its American counterpart, we want to revisit this topic: more and more Canadians seem to be interested in selling their US real estate to "cash-in" on the gains of appreciated property and a stronger currency. Some may be looking to downsize, others to purchase US property in another location, and still others to no longer own US real estate at all. To do so smartly, Canadians need to be aware of some surprising roadblocks that often slow down potential sales.

  1. Obtaining an Individual Tax Identification Number

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