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	<title>HomeBuyer &#187; Tax Planning</title>
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		<title>TAX IMPLICATIONS OF OWNING RECREATIONAL PROPERTY</title>
		<link>http://www.homebuyer.ca/2006/07/29/tax-implications-of-owning-recreational-property/</link>
		<comments>http://www.homebuyer.ca/2006/07/29/tax-implications-of-owning-recreational-property/#comments</comments>
		<pubDate>Sat, 29 Jul 2006 19:36:32 +0000</pubDate>
		<dc:creator>mdadmin</dc:creator>
				<category><![CDATA[Buying Recreational Property]]></category>
		<category><![CDATA[Tax Planning]]></category>

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		<description><![CDATA[Are you interested in buying recreational property in the near future? For example, a cottage, cabin, or chalet – maybe own it outright, or jointly buy the property with family, relatives or friends? Maybe you want to buy an apartment or townhouse condo in a resort or recreational community – and own it outright, or [...]]]></description>
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		<title>TAX IMPLICATIONS OF RENTING U.S. PROPERTY</title>
		<link>http://www.homebuyer.ca/2006/05/22/tax-implications-of-renting-us-property/</link>
		<comments>http://www.homebuyer.ca/2006/05/22/tax-implications-of-renting-us-property/#comments</comments>
		<pubDate>Mon, 22 May 2006 23:56:55 +0000</pubDate>
		<dc:creator>mdadmin</dc:creator>
				<category><![CDATA[Buying in the U.S.]]></category>
		<category><![CDATA[Estate Planning]]></category>
		<category><![CDATA[Tax Planning]]></category>

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		<description><![CDATA[Many Canadians own U.S. recreational property near border states. Retired Canadians who are seasonal residents of the U.S., or "Snowbirds" frequently own property in the U.S.

If either of the above situations applies to you, you may be renting out your U.S. property on a part-time or full-time basis when you are not using it. If so, you are considered a "non-resident alien" by the IRS (the U.S. Internal Revenue Service) and you are subject to U.S. income tax on the rental income.]]></description>
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