Canadians who buy real estate in the United States often do so for emotional reasons but aren’t aware of all the problems that can arise. Darren tackles this with Shlomi Levy of Levy Salis LLP, whose practice is dedicated to US and Canadian tax and estate planning for individuals and corporations. The firm has offices in Montreal, Toronto and Florida.
https://levysalis.com/
Darren and Shlomi discuss ways Canadians can buy US property, how to raise financing, differences between US states, and various what-if scenarios. What happens if someone becomes incapacitated? What are the rights of survivorship? How Power of Attorney differs between the two countries. Never mind all the potential issues with tax such as how to avoid double taxation.
What is Two Way Traffic with Darren Coleman?
TWO WAY TRAFFIC with Darren Coleman, the Cross border podcast series. On each episode we aim to guide you through the complexities, complications, implications and advantages of having money and family on both sides of the border.