Dose any one no about the Law regarding Paying taxes on foreign investments in Mexico for Canadians? is it smiler to the US law? I git a lot of
inquirers on this.
[Edited on 3-10-2005 by Bruce R Leech]Marie-Rose - 3-10-2005 at 10:38 PM
At risk of being abused for being a Canadian(!!!!) I would love to help you Bruce and will be finding out the answer to this question in the next
month...will definetely share once I know.Bruce R Leech - 3-11-2005 at 08:18 AM
Quote:
Originally posted by Marie-Rose
At risk of being abused for being a Canadian(!!!!) I would love to help you Bruce and will be finding out the answer to this question in the next
month...will definetely share once I know.
thanks Marie Rose you will be helping many other Canadians. I have received many requests for this info and I just don't know anything about Canadian
tax Law.
I like CanadiansRiom - 3-11-2005 at 12:51 PM
Bruce,
It looks like Canadians have to report most types of foreign property where their total is over C$100,000, such as foreign rental property, or bank
accounts, or an "interest in non-resident trust".
But it excludes "vacation property used primarily as a personal residence", property used in an active business, and some other things.
