Talk of The Villages Florida - View Single Post - Pros and Cons re Canadians purchasing in TV?
Thread: Pros and Cons re Canadians purchasing in TV?
View Single Post
 
Old 07-03-2010, 08:48 PM
Barefoot's Avatar
Barefoot Barefoot is offline
Sage
Join Date: Jul 2007
Location: Winters in TV, Summers in Canada.
Posts: 17,657
Thanks: 1,692
Thanked 245 Times in 186 Posts
Default
Quote:
Originally Posted by lightworker888 View Post
If there are any Canadians on the board who have purchased or are considering purchasing in TV I would be very interested in their opinions and the pros and cons. We are particularly interested in any info regarding the tax situation. Thanks to anyone who has info to share.
We are Canadians who own a home in TV. There are no "Cons" about purchasing in TV, only "Pros". It's the best decision we ever made.

I'm not sure what you are questioning about the tax situation. You will pay realty taxes in the USA 12 months a year. Of course you cannot be homesteaded as your primary residence is in Canada.

You can stay in the US 182 days in any calendar year. You will pay income tax in Canada, and that includes interest on US investments.
__________________
Barefoot At Last
No act of kindness, no matter how small, is ever wasted.
Saving one dog will not change the world, but surely for that one dog, the world will change forever.