U.S. Vacation Home for Canadians
Owning property in the U.S. is possible for Canadians with the right guidance. You can leverage your home equity to finance a U.S. property or qualify directly through an American lender. At SFC, we help you navigate the process, providing expertise and support every step of the way.
Financing Options
Canadians purchasing U.S. vacation homes have flexible financing options, whether buying with cash or using U.S. mortgage programs designed for non-resident Canadians. We help Canadian vacationers understand available mortgage options, documentation needs, and how financing decisions can impact travel flexibility, ownership structure, and overall costs—so you can enjoy your U.S. home with clarity and confidence.
Equity Take-Out:
Use the equity in your Canadian home to fund your Florida property. Whether it’s for purchasing, renovations, or investment purposes, we help you navigate the process as smoothly as if you were still in Canada.
U.S. Financing:
Canadians can access can take advantage of the Foreign Nationals Loan Program — designed specifically for non-residents. Get flexibility, competitive rates, and the opportunity to secure financing in the United States.
Legal Considerations
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Ownership structures: Canadians sometimes use LLCs or corporations for U.S. real estate to simplify estate planning and limit liability.
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Reporting requirements: Form W-8BEN (for investment accounts) and possibly FBAR/IRS forms if you hold large U.S. accounts.
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Estate tax exposure: U.S. estate taxes can affect Canadians owning U.S. real estate or investments above certain thresholds
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Ownership Structure
Choosing the right ownership structure can impact taxes, liability, and estate planning. We guide you through the options to help you select the structure that best fits your situation.
Currency Exchange
You will save thousands by choosing the right time and location to exchange your money. The big banks make top dollar on your money when exchanged. There are better and cheaper options available.
Border and Immigration
Visa requirements are confusing. Your length of stay has implication and overstaying can have consequences. SFC provides information on the differences between each visa, the length of stay each visa will allow Canadians, and how to calculate your length of stay. In addition, U.S Customs and Border Protection calculates your stay different from the Internal Revenue Service (IRS).
Taxation
Canada and the United States have a tax treaty. However, if you are not prepared or well advised you will pay more than you need to. Key tax considerations include:
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Income taxes: The U.S. taxes non-resident investors on U.S.-sourced income (rent, dividends, capital gains).
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Withholding tax: U.S. often withholds 15–30% on dividends or rental income unless a treaty applies.
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Canadian taxes: Canada taxes worldwide income, but you can usually claim a foreign tax credit to avoid double taxation.
- FIRPTA: If selling U.S. real estate, 15% of the sale price may be withheld for tax purposes.
Why Choose Us?
Competitive Interest Rates
Customized mortgage solutions designed for foreign investors
Streamlined Approval Process
Minimal paperwork for a hassle-free experience.
Expert Guidance
Dedicated mortgage specialists to assist international buyers.