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Date: Tuesday November 18, 2003
Time: 08:07 AM -0800
QUESTION:
What property taxes are involved in purchasing and owning property in the
Gulf Islands. We hope to get a piece of land and let it sit for a few years,
it will cost around $22000 to $25000 Cn.
We also want to erect a structure on the property and want to know how we can live there. Can we get a 6 month visa, leave the country and re enter within a short period of time and continue living there?
DXXXXXX
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david ingram replies:
You will pay a 1% property purchase tax to the BC government plus legal and land registry costs. We are a Torrens Land Registry system which guarantees you the title so we do NOT have the expensive escrow and title insurance fees you are used to in the US. In addition, if the lot is part of a new subdivision (last 13 years), there will be a 7% GST tax on it.
You will need a lawyer to handle the transaction. David Stoller at (604) 922-4702 handles a lot of US purchasers for us.
As far as living on the property is concerned, an American can visit in Canda for up to six months at a time. To be a true visitor, you should have a home available (at a moment's notice) to you in the USA. You also must be admnissable to Canada. We have turned down a deputy FBI head because of a DUI conviction for instance. Recent enforcement has meant that political activists are also having a problem crosing the border.
As a visitor, you are not covered by our medical system and can not work at anything in Canada. (writing a book for publication in the USA would likely be okay).
Go to http://www.cic.gc.ca/english/skilled/assess/index.html
This is the self-assessment test for an individual to determine his or her eligibility to immigrate to Canada without being sponsored by a spouse. If you or your spouse can get 67 or better, you are eligible.
. Email me a copy and we can go from there.
David Ingram's US/Canada Services
US / Canada / Mexico tax and working Visa Specialists
US / Canada Real Estate Specialists
4466 Prospect Road
North Vancouver, BC, CANADA, V7N 3L7
Res (604) 980-3578 Cell (604) 657-8451
(604) 980-0321
New email to [email protected]
www.centa.com www.david-ingram.com
Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist in connection with personal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."
Be ALERT, the world needs more "lerts"
This from "ask an income tax and immigration expert" from www.centa.com or www.jurock.com or www.featureweb.com. Canadian David Ingram deals daily with tax returns dealing with expatriate:
multi jurisdictional cross and trans border expatriate problems for the United States, Canada, Mexico, Great Britain, the United Kingdom, Kuwait, Dubai, Saudi Arabia, Thailand, Indonesia, Japan, China, New Zealand, France, Germany, Spain, Italy, Russia, Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida, Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali, Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent, Grenada,, Virgin Islands, US, UK, GB, American and Canadian and Mexican and any of the 43 states with state tax returns, etc.
Your name has been added to our email list because of an enquiry we have received, we may not answer your question but
another similar question will be as we lump them.
You may find more answers at www.centa.com
David Ingram of the CEN-TA REALTY Group
US / Canada / Mexico tax and working Visa Specialists
US / Canada Real Estate Specialists
(604) 980-0321 - Fax 913-9123 [email protected]
www.centa.com www.david-ingram.com
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