What is the tax structure for a US citizen in Canada who owns a resort?

Answer this is probably a complex question that no self respecting lawyer would dare touch on this site. If you are really concerned, get legal represtation. Qualified legal representation The first question is whether the resort is owned by the individual personally, or whether it is owned by a corporation, the shares of which the individual owns in whole or in part Either way, there will likely be tax consequences both in Canada and the US.

Any prudent investor would have made such enquiries before investing a cent. Nevertheless, it is wise to consult a lawyer right away, one who specializes in tax issues. Letting it go will only result in more problems as time goes on.

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