This article was written by Stephen Rukavina. Stephen is an Associate in the Tax and Corporate and Commercial Groups in the Vancouver Office of Miller Thomson. His practice focuses on tax planning and taxpayer representation. He also practices general corporate and commercial law.
In recent years, the high Canadian dollar and the fall in United States housing prices has encouraged Canadians to buy US vacation properties. However, Canadians should be aware of the tax consequences of owning a US vacation home before making a purchase. One of the most important considerations is potential exposure to US estate tax.
