Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Anybody here know about U.S./Canadian tax laws?

Table 5 · 09-18-2008, 07:04 PM

I have a few dry questions that i need to find out about, but don't really have an accountant at the moment, so hopefully some smart people on this forum could be of help.

1. I would like to transfer some money from my Canadian bank, money which was initially given to me by a family member as a gift. Is this something that will be taxed in the US if i bring it into the country? Or would the relative be the one taxed in Canada?

2. I am considering buying some property in NY state...would I have to pay more property taxes because I am not an American citizen (I am a resident for tax purposes, but apaprently not a permanent resident). Remember, I live in the US.

3. Is there an inheritance tax in the US?

09-18-2008, 07:04 PM	#1
Table 5 Franchise Player Join Date: Oct 2001 Location: NYYC Exp:	Anybody here know about U.S./Canadian tax laws? I have a few dry questions that i need to find out about, but don't really have an accountant at the moment, so hopefully some smart people on this forum could be of help. 1. I would like to transfer some money from my Canadian bank, money which was initially given to me by a family member as a gift. Is this something that will be taxed in the US if i bring it into the country? Or would the relative be the one taxed in Canada? 2. I am considering buying some property in NY state...would I have to pay more property taxes because I am not an American citizen (I am a resident for tax purposes, but apaprently not a permanent resident). Remember, I live in the US. 3. Is there an inheritance tax in the US?