U.S. Tax
Information for Canadian Buyers
Helpful Links
Canada
Canada Revenue Agency -
Forms and information on Canadian federal taxes.
Provincial Tax Links - Links to all the Provincial Revenue
websites
United States
Internal Revenue Service -
For all the forms and information on US federal taxes
State
Tax Links - Links to all the State Revenue websites
State
Sales Taxes -the local sales tax of each State
Helpful Information
8Tax
Filing Requirements - which tax return do you file? In which
country? When?
8Severing
Ties With Canada - make sure you are not taxed in both Canada &
the U.S.!
8The
Canada/US Tax Treaty- learn what it is and how it works.
8Taxation
of RRSPs/RRIFs/LIRAs - landmines in waiting.
8Taxation
of Interest & Dividends - potential for double tax.
8Taxation
of Capital Gains - Which country taxes? Canada/US comparison.
8Taxation
of Pensions - company pensions, OAS, CPP/QPP.
8Social
Security Number - or Individual Taxpayer Identification Number,
why you might need one.
8Taxation
of Rental Properties - a
paperwork nightmare how to apply.
8Foreign
Tax Credit Planning - your ticket to avoiding double taxation.
8Key
Differences - Canada/US comparison of tax brackets, deductions,
and so on.
The following forms, documents and web-links are provided for your
convenience. You may click on the document/form name to open the PDF
in a new window, or you may right click and select "save-as" to
download the document/form to your computer.
US
Tax Guide for Aliens (2007) - PDF
Foreign Persons of US Real Property Interests
- IRS.gov link
Foreign Persons Involved in Real Estate Transactions - IRS.gov link
Reporting and Paying Tax on US Real Property Interests - IRS.gov link
ITIN Guidance for Foreign Property Buyers/Sellers of U.S. Property
- IRS.gov link
Additional
Forms - direct download
Application for IRS Individual Taxpayer ID Number: Form W-7 -
PDF
Foreign Person's U.S. Source Income Subject to Withholding
(Form 1042-S) - 2007
-
PDF
Annual Withholding Tax Return for US Source Income of Foreign Persons
( Form 1042) - 2007 -
PDF
Statement of Withholding on Dispositions by Foreign Persons of US Real Property
Interests (Form 8288-A) - 2007 -
PDF
US Income Tax Return of a Foreign Corporation (Form 1120-F) - 2007 -
PDF
Alternative Minimum Tax - Individuals (Form 6251) - 2007 -
PDF
US Non-Resident Alien Income Tax Return (Form 1040NR) - 2007 -
PDF
Continuation Sheet for Schedule D (Form 1040SD-1) - 2007 -
PDF
Sales of Business Property (Form 4797) - 2007 -
PDF
Certificate of Foreign Person's Claim That Income Is Effectively Connected With
the Conduct of a Trade or Business in the United States ( Form W-8ECI) -
PDF
