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Canadians are continuing to invest in the red hot real estate market. But what they don’t realize is the amount of taxes to be paid when the US situated property is eventually sold. In this video, I will cover the basic tax implications for Canadians selling US property Timeline: 00:27 -- A ten per cent withholding tax 0:50 -- avoid paying the 10% withholding tax 01:50 -- file Form 8288B 02:30 -- Make sure you keep receipts 02:55 -- complete Form W7 03:15 -- US non-resident tax return Form 1040NR 03:30 -- avoids paying double tax twice Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.

The Federal Government is planning to increase the Canada Pension Plan contribution rate in order to deduct more from your earnings, which will increase retirement benefits in the future. However, these changes will lead to positive and negative effects on you, as a Canadian. 0:33 - 1. What You Need to Know 1:09 - 2. The Contribution Rate 1:44 - 3. What's Changing? 3:11 - 4. Good or Bad Changes? Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.

Are you a US Citizens Living in Canada? You may owe taxes to the IRS without even knowing it! Let us make things clear for you. We’ll go over your filing requirements, as well as the FBAR. Watch the video and be clear about your tax requirements with the IRS. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharter... Add us on Google Plus - https://plus.google.com/u/1/108551869... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Link back to this video: https://www.youtube.com/watch?v=b3nwu... 0:38 – Introduction 1:45 – Responsibilities of US Citizens Living in Canada 2:12 – About the FBAR 2:45 – What if I fail to file the FBAR? 3:06 – What if I have REPS? 4:00 – How long do I have to go back? Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.