About Florida

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500,000 Canadians own Florida Homes.

Canadians are the largest group of Foreign Buyers in Florida. From 2011 to 2013, Canadians accounted for 1/3 of all purchases in the Foreign Buyer category. This represents approximately $3BLN in annual purchases.

92% of Canadian Buyers are “ALL-CASH” buyers, with only a small percentage taking advantage of traditional mortgage financing.

55% of Canadians plan to use their Florida Home for vacation purposes, 20% for rentals and 20% for both. In addition, 55% of Canadians plan to occupy their homes for 3 to 6 months, 20% for 1 to 2 months, and 10% for less than 1 month per year, with the balance being undecided.

Most non-resident Canadian property owners, are absent for the majority of the calendar year, and will require some type of property management service.

Canadians love Florida, and Florida loves us back. Most Canadian Snowbirds develop lifelong friendships with their American neighbors in Florida, and it is true testament to the unique and special bond of friendship between our two countries.

Here’s where we come in. We are a Canadian company helping fellow Canadians, escape our harsh Canadian winters, purchase and maintain their Florida vacation residences year round.

Florida HammockKey IRS Tax Forms & Publications

IRS Form W-7, IRS Individual Taxpayer Identification Number

IRS Publication 515, Withholding of Tax on Non-Resident Aliens andForeign Entities

IRS Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests

IRS Form 8288-B, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests

IRS Form 8288-A, Instructions

IRS Publication 527, Residential Rental Property

IRS Form 1040NR, U.S. Non-Resident Alien Income Tax Return

IRS Form 1040NR, Instructions

IRS 1042S, Foreign Persons US Source Income Subject To Withholding

IRS Form 1099-S, Proceeds From Real Estate Transactions

IRS Form 1099-S, Instructions

IRS Form 8840, Closer Connection Exception Statement for Resident Aliens

IRS Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for US Tax Withholding and Reporting

IRS Form W-8ECI, Certificate of Foreign Persons Claim That Income is Effectively Connected With the Conduct of a Trade or Business in the US

Legal & Accounting Disclaimer (aka The Fine Print)

The information contained in this PUBLICATION is for general information on matters of interest only. The application and impact of US and Canadian Laws vary widely based on the specific facts involved and may be open to broad interpretation.

As a result, the information in this PUBLICATION is provided with the understanding that the AUTHORS and PUBLISHER are not rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other advisers.

Furthermore, US and Canadian Laws are subject to revision and change at any time, and while every effort has been made to ensure the timely accuracy of the information contained herein, at the time of writing this PUBLICATION, before making any decision or taking any action, you are advised to consult with a professional accounting, tax, legal or other advisor.

While we have made every attempt to ensure that the information contained in this PUBLICATION has been obtained from reliable sources, the AUTHORS and PUBLISHER are not responsible for any errors or omissions, or for any results obtained from the use of this information.

In no event will the AUTHORS or PUBLISHER, its related partnerships or corporations, or agents or employees thereof be liable to you or anyone else for any decision made, or any action taken in reliance on the information in this PUBLICATION or for any consequential, special or similar damages, even if advised of the possibility of such damages.

IRS Circular 230 Notice:

To ensure compliance with requirements imposed by the IRS, we inform you that any US tax advice contained in this PUBLICATION is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

For information please contact:

Brent Leathwood
Phone: 941.882.2995 (Florida) or 416.318.1215 (Ontario)
Email: Brent@BrentLeathwood.com

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