If I’m a resident of Canada, can I collect rent on a property I own in Virginia?
Friday, March 12th, 2010 at
10:15 pm
I’ve just had a very good job offer that I’m considering taking up in Canada. However, I own a home here in the US and we haven’t owned it that long. If possible, can I rent the property and collect income from the US while I’m living in the North.
Rent Back Fast
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Tagged with: Canada • Good Job • Rent Property
Filed under: property rental
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Natuurlijk.
theres no reason why you cant get paid by someone in a different country
If you own a property you own it. You’ll probably get taxed extra though.
Yes. Leaving the country doesn’t mean you lose the right to engage in financial and real estate transactions.
No you have to give Canada the money to hold for you till you go back to the USA and change residency….I’m kidding. the money is all yours and you deserve it.
Of course you can. Your only problem may be administering the rental from afar. If you have trusted friends or family who are willing to deal with the tenant, upkeep etc, good, but if not you may want to consider a rental agent who can collect the rent, find new renters if needed, and look after any problems.
If you own the property you can rent it and collect rent and if doesn’t matter whee you live.