It’s the middle of the high season here on Maui (Dec-April) and more and more Canadians are buying real estate on Maui, despite the poor performance of the Canadian dollar. I am currently working with several buyers from Canada, that want to buy condominiums and homes on Maui, Hawaii. It’s been a hard few years for Canadians buying real estate in Hawaii and the USA because the Canadian loony has not increased in value as much as many had hoped.
Two of the common questions I get asked by Canadians purchasing real estate in Hawaii is, ‘How should I structure my investment?’, or ‘What steps should I take to protect my self and my assets and minimize my US tax burden”. It’s a tough question to answer succinctly, especially as I am not a tax expert or an accountant; however, this article below from The Globe and Mail will answer some of the questions that arise for Canadians buying homes on Maui:
“How to be a tax-smart snowbird with property in the U.S.”
If you find this article useful for you and you are looking to purchase real estate on Maui please contact me at 808 344 7855, I hope I can be of service.
Mark Morris R(S)
Coldwell Banker Island Properties (Maui)