My question is: Applicable to both US and Canada
QUESTION: Hi - I'm a US citizen and my wife is Canadian with US permanent
residency. We own a home in Canada where we visit part (about 5 months) of
the year. Do we need to file a Canadian income tax return for any reason?
Also, can we claim any exemptions on our US tax return for taxes we paid on
the house? Any help is appreciated. Thanks!
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david ingram replies:
As long as you are only in Canada for 5 months and have NOT joined the
provincial medical
plan (I bet that you have), you do not have any tax liability to Canada. If
you HAVE joined a provincial plan, drop it fast unless your wife has a
medical problem that is not being covered in the US. "You" do not qualify
for the provincial plan as you have described your situation. If your wife
is a member of a plan, than she should be filing a Canadian Income Tax
return and she should be staying in Canada more than 183 days to qualify.
However, if she is regularly in Canada long enough to qualify for the
medical plan, she is in danger of losing her green card.
She should likely get her US Citizenship as soon as possible.
The Good News is that you can deduct the taxes paid for the property in
Canada.
And, if you have a mortgage on it, you can deduct the mortgage interest as
well on Schedule A of your 1040
Answers to this and other similar questions can be obtained free on Air
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