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Check your facts before buying a Home in the USA?

Blog by Diane Cardoso | March 17th, 2014

Thinking of becoming a "Snowbird" and purchasing a home in the  USA?  The new "JOLT" Act, currently before Congress, could effect you if you are thinking of purchasing a home Stateside.  If this Act passes, it could mean that Canadians who own property in the US could become subject to US Income Tax and Estate Tax Laws, as you will be deemed "residents."  It is prudent to check out all your facts before jumping into foreign home ownership.