Why Getting an Annual Real Estate Review is Important
Your Real Estate investment is likely the biggest single expenditure in your lifetime so why not keep a pulse on its value? Life can happen fast and keeping a relationship with your trusted REALTOR® can benefit you in many ways.
1) You will learn the real time value of your highest valued asset.
2) Realtors can give you the real scoop on what is happening in your neighbourhood or for properties like yours. Unfortunately, newspapers and media often report the biggest headlines to sell papers or get website traffic. Their reporting is broad, covering the whole market in as few words as possible. Not only is this misleading to the common homeowner but if you believe the reporting word for word, you could be limiting your own financial growth in real estate.
3) Perhaps it is time to move up or move down, build, or time a purchase or sale that will maximise your position. We can assist you in solving this puzzle and protect your best interests.
4) Thinking of renovating with the thought of moving sooner than later? Why not bounce your renovation ideas off your agent. We know what improvements will maximise your selling value and save you from over renovating your home!
Please do contact me for your complimentary review so we can ensure you have the information you need to make informed long-term decisions about your home.
Looking to be a US Snowbird? Here’s what you need to know!
How Long Can a Canadian Stay in the United States?
The period of time a Canadian can stay in the US is based on your unique case and whether you are entering on a visa or not. A Canadian can stay in the US for six months from the date of entry, BUT any exit and reentry reset the clock.
Extending Your Stay in the US
If you need to stay in the US longer than six months as a Canadian, you have the option to extend your stay. You can do this by filing a Form I-539, Application to Extend/Change Nonimmigrant Status before your authorised stay expires through the USCIS.
Canadians Paying Taxes in the US
Canadians need to keep in mind US tax laws. The Internal Revenue Service (IRS) has guidelines in place that Canadians must comply with. If you do stay for an extended period, you may have to file tax forms to the IRS, beyond six months.
US Tax Treaty Exemption
You can also claim exemption under the Canada–US Tax Treaty. You can refer to the Treaty tiebreaker rules to claim that you’re still a Canadian citizen after staying in the US for over 182 days.
How Long Can a Canadian Snowbird Keep Their Provincial Health Insurance?
When staying in the United States as a Canadian, you also need to make sure you aren’t absent from your province for too long. Staying outside of your Canadian province for too long can affect your provincial health care coverage. All provinces, except Ontario and Newfoundland, require you to actually live in your home province for at least six months plus a day (183 days in most years) in order to be considered a permanent resident of that province, and therefore qualified for provincial health insurance benefits.
