Free Canadian Mortgage Interest as a deduction seminar on February 11, 2010.  5 PM at the Langley events Centre at  78th  Avenue and 200th Street (just south of Walnut Grove off Highway one.) The Speakers are myself on how to make a Canadian Mortgage tax deductible, Ozzie Jurock on Real Estate Trends, Own Dolan on Canadian Estates, Martin Murenbeeld, economist and Fred Snyder on written Financial Plans.  Phone Fred's office at (604) 731-8900 to register free of charge.  Bring you r financial advisor, bank manager or mortgage broker with you.

xxxxxxxx wrote:

Hi David,

XXXX XXXXX

Below is the result of your feedback form.  It was submitted by
XXXXXX on Thursday, January 14, 2010 at 12:25:58
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My_question_is: Canadian-specific

question: Hi David,
I spoke to you on Jan 13th on your television show at www.david-ingram.com, and you asked me to send you an email. I appreciate your advice.
I am a renter in XXXXXXXX who is not able to afford investing money in a home here as it is too expensive. I have a money to invest and am looking for a large gain that I could be involved with and would like to hang onto it for at least 5 years until there is major growth. I have a real estate agent, and can get a loan for the remaining amount in Canada. I have at least 60% downpayment.  I am willing to wait to see if there is another crash cycle. I would be renting out the home with a PMC, and have a trustworthy relative in the xxxxxxxxxxx area in California. i would be able to handle having it unoccupied for a few months a year, if necessary. Besides changing over my money to the US, acquiring a bank account, and understanding that I will be paying property taxes on my home? What kind of taxes will I pay from the renters income? 
I am currently reading the book "The Border Guide," and don't want to miss out on this opportunity. 

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My_question_is: Both

question: Dave,
When I filed exit tax return in 2003 and moved to USA, now I realized that T1161 form was not submitted.
I own a house I Ontario and I want to sell it now and there will be no capital gain housing prices went down since.
When I will sell my house what implication will there be, Tax or penalty (because of not filing T1161). 

I would appreciate your advice.

Thanks 

XXXXX XXXXXX  wrote:

Below is the result of your feedback form.  It was submitted by
XXXXX XXXXXX on Friday, January 1, 2010 at 09:23:27
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My_question_is: Canadian-specific

question: We have asked to become non resident by filling a NR-73
and our status was accepted. When we left the children were young 
but now my son turned 18 and he wants to go back home to Canada. 
He is adult and I cannot stop him. Should he fill a NR-74. 

Thank you for your advise, regards

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Hello David and Peter