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questions from Canadians planning to move to MB...

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jp233

Post subject: questions from Canadians planning to move to MB...

Posted: Sun Sep 20, 2009 11:20 am

Joined: Sat Sep 19, 2009 12:34 pm
Posts: 2

New to the board and could not find answers to my questions so I hope somebody can help.

We are thinking of taking advantage of soft market and buying a condo in Myrtle Beach this fall. Here are some of our questions:
1/ Are the property taxes higher for Canadians? What are they?
2/ Any other issues a foreigner has to consider?
3/ Any areas of Myrtle Beach we should avoid?

As we are new to the idea of owning a property outside of Canada, any hints will be appreciated.

Thanks
Jack and Margaret

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docdvm

Post subject: Canadian

Posted: Sun Sep 20, 2009 8:18 pm

Joined: Wed Jul 23, 2008 8:57 pm
Posts: 8

We purchased last November. Taxes are reasonable and costs are below what you pay in Canada albeit higher than a resident. . Only true concern is tax withholding when you sell.

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Dede

Post subject:

Posted: Wed Sep 23, 2009 11:43 am

Joined: Mon Jun 15, 2009 8:22 am
Posts: 58
Location: Near Ottawa, Ontario, Canada

This book may be a worthwhile investment for Canadians. I've heard too many stories about lack of financial planning and getting hit by CRA....

http://www.chapters.indigo.ca/books/Sou ... eal+Estate

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