Your Move to Canada | Selling or Renting Your U.S. Home After Moving? Tax Rules You MUST Know

Описание: Watch first – Your Canadian Tax Residency Date Explained:    • Your Move to Canada | Establishing Residen...  

Get the Book – Your Move to Canada: https://yourmovetocanada.com

If you’ve moved from the U.S. to Canada and still own a U.S. home, the tax treatment can become complex, especially if you sell the property after establishing Canadian tax residency or rent it out before selling. In this video, I explain how both Canada and the U.S. determine capital gains on your U.S. home after your move, how you may still qualify for the U.S. primary residence exclusion, and how rental income is reported in both countries.

We’ll walk through:

✔️ Why your Canadian tax residency date matters for your U.S. real estate
✔️ How capital gains are calculated when selling your U.S. home after becoming a Canadian resident
✔️ How the U.S. Primary Residence Exclusion may still apply
✔️ How rental income from your U.S. home is taxed in both Canada and the U.S.
✔️ Key differences in depreciation rules between Canada’s CCA rules and U.S. depreciation rules

I’m a CPA licensed in both Canada and the U.S., and the co-author of Your Move to Canada, a comprehensive guide for Americans relocating to Canada and Canadians repatriating from the U.S., focused on cross-border tax, real estate, investment, and financial planning.

Subscribe for more expert cross-border tax and financial planning content. I cover residency, capital gains, real estate, retirement accounts, investments, and ongoing tax obligations when living between Canada and the United States.

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Disclaimer: This video is for educational purposes only and does not constitute tax advice. Your situation may differ, please consult a qualified professional.