Real Estate And Construction Newsletter Winter/Spring 2016

In this Edition

With the traditional Canadian real estate investment landscape yielding lower returns, investors are forced to be creative with harnessing new cash flow alternatives.

For Canadians investing in real estate abroad, Andy Yap indicates in his article "What Canadian Taxpayers Owning Foreign Real Estate Should Keep in Mind" specific tax compliance requirements with owning and disposing of property in other countries that can impact on investor's bottom line. These include Canadian income tax and foreign tax issues that arise when acquiring real estate outside Canada, regardless of if it was purchased as a vacation home/secondary residence or as an income-producing property. Investors should seek advice from professionals who understand the rules and laws of that jurisdiction before making the purchase to ensure all requirements are followed, as there are penalties for non-compliance.