The Canadian Snowbird Guide

The Canadian Snowbird Guide

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Each year, more than a million Canadians, affectionately dubbed qSnowbirds, q migrate to southern climes to enjoy warm weather and sandy beaches. The strong Canadian dollar is making the trip more affordable and attractive than ever. But post-9/11, Canadians face tighter security, higher health costs, and higher fuel costs when traveling to the US. Canadians must budget accordingly. Especially for first-timers, how can they properly plan their trip to ensure a worry-free time away from home? Among the topics this book includes are: the Snowbird lifestyle; financial planning; what documents you need to enter the US; what types of insurance and coverage are recommended; ensuring you have an up-to-date will; how US tax law applies to Canadians if money is earned or property sold; snowbirding in Mexico and Costa Rica; plus FAQs, checklists, and sources of further information.Unlike in Canada, on the U.S. income tax return you must compute depreciation expense (capital cost allowance). ... give your tenant or property management agent IRS Form W-8ECI, Exemption from Withholding Tax on Income Effectivelyanbsp;...

Title:The Canadian Snowbird Guide
Author:Douglas Gray
Publisher:John Wiley & Sons - 2008-01-22


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