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Posted date : Sep 17, 2024

If we plan to sell our property in Florida, what is the process for getting the money back into our Canadian account? Are there tax rules that apply?

Posted date : Jan 13, 2023

My wife and I are thinking of selling our property in Florida and would like to know the steps in the process. I assume that we would go through a lawyer when it sells, but are there any U.S. taxes and/or fees which we would need to pay? We have heard conflicting stories from others who have sold. Thanks for clarifying this issue.

Posted date : May 11, 2022

I am not sure if Canadians are fully aware that if you are not a U.S. citizen and decide to sell real estate property in the U.S., 15% of the selling price will be deducted from your proceeds and sent to the IRS within 20 days after closing. …

Posted date : Dec 16, 2021

I have reached the age where I can no longer travel to Florida for the winter and must sell my manufactured home in Bradenton. I purchased my home in the early 2000s…

Posted date : Aug 9, 2019

I am considering selling my U.S. condo and wonder if you have any advice on this. I have owned it for 10 years and it has gone up in value, so I know that I will pay capital gains tax in the U.S. Will the profit be counted as income in Canada?

Posted date : May 30, 2019

I sold my mobile home in Florida in 2018. It is on a lot owned by the mobile home park. Do I need to report the sale on my CRA tax return? William Perryman Port Elgin, ON Response : Ed.: Only if you made some money. All capital gains must be reported to our CRA.

Posted date : May 14, 2019

My wife and I own a mobile home in a resident-owned park in Florida. We own a share plus a home. It now looks as if our park is being sold to a private owner. Our park was a not-for-profit association. If the sale happens, we will be receiving money for our bought-out share. Do […]

Posted date : Nov 6, 2017

Dear Bird Talk, Re: Selling our Florida home We have owned a villa in Florida for 15 years (and we’re Medipac users for as long). There has been some appreciation in value of the unit since we bought it. We now find that we are in a position to have to sell. Could you please […]

Posted date : Nov 4, 2017

Dear Bird Talk, We are Canadian with a vacation home in Arizona. Our AZ builder offers a trade-in program, so we are using this and building a larger home. Our current home gets listed by a realtor which they use for their trade-in business and they pay 1/2 his commission. We pay the balance and […]

Posted date : Nov 4, 2017

Dear Bird Talk, We recently bought a manufactured home in Florida. We have heard that if we sell this unit down the road, we will be taxed by the U.S. government. There are many different opinions on this. Can you advise us of the drawbacks of a Canadian selling mobile homes in Florida? Lorraine Hoculik […]