Is it easy for Canadians to buy and own property in the U.S.?

Yes.  It is no different than owning property in Canada, without any GST or PST being applied to the land purchase. You can even get a loan from a U.S. bank to help finance the purchase of the lot and construction of your Seabright Farm cottage! The transfer/excise tax and title insurance (covered by private companies) are expenses of the Seller.  If you are Canadian and sell the property then there will be a hold-back of some of the sale proceeds until you file your U.S. tax statement pertaining to the sale. Also note that in itself, owning property in the U.S. will not make a Canadian subject to U.S. income taxation; only permanent residency in the U.S. will do that.

« Back to Frequently Asked Questions