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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

US
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

Do you have questions?

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