REITs: Canada still offers tax advantages for these investments

REITs: Canada still offers tax advantages for these investments

Investing in REITs Canada can help you minimize risk in owning investment property
REITs, Canada’s remaining category of income trusts, continue to pay distributions before they pay tax—and that’s good for unitholders. The 2011 law that put an end to tax privileges for other income trusts… Read More

Investing in REITs

Investing in REITs

A REIT is also known as real estate investment trust. Investing in REITs lets you hold income-producing real estate such as office buildings, shopping malls and hotels.

REITs can save you the cost, work and risk of owning investment property yourself.

Owning rental properties can be profitable—but… Read More

Dear Pat: I am a U.S. citizen who has lived and worked in Canada for over 20 years. I hold Canadian citizenship as well as my U.S. citizenship. I’ve recently heard that the IRS is becoming stricter about investments that U.S. citizens hold in Canada, and I wonder about the best approach to take with my investments. Thanks.

The U.S. is the sole country worldwide that requires its citizens to file an income tax return and report any income regardless of where they live or whether they hold dual citizenship in another country. That’s unlike Canada, which mainly bases its tax system on… Read More