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WATERLOO cummuz - Wednesday. November 12010 . is o Is a U.S. property right for you? - rom Honda to Arizona. property for more than six . j 7 7 Fahd California to rem; \ l t l\ l \ months a year, there are ' . .. Canadians by the car- ‘ ‘ . . immigration issues â€" you'll . load are heading for warm .\l( )\ l \ probably have to get a green ‘ .. -. weather destinations and , card ora V188- . ‘ - ": grabbing bargain-priced 1" ‘. When You reside in the ‘ t]; vacation properties 5" v U.S. for more than 182 days . t V ‘ 7 The loonie is in good , 4 g in the current year you are . 6 it » v shape, the U.S. housing ~ required to file U-S- mcome ’ 3? ~ " ’ 5 market has never seen better . taxes. But if you are in the v l - price points, your financial ‘ . if U-S- for more than 31 daysln . .. ~ , ‘ ' . t, Q -~. life is solid. and Canadian the current year. plus one- ' " A- t t t fit winters well. they only f third Of the days in the pre- ' -, seem to be getting colder _ ceding year and one-sixth of ‘ ff . so why not nab that balmy the days in the 500011" PR?“ ‘ w?“ .. ‘ u_s, vacation property right ceding year are more than . 7 now? 182 days, you will have fur- ' ,. Before you sign on the thertaxfilings in the US . » , ? dotted line, here are a few Whenwlllyouulelt? i things â€" beyond price â€" How often will you be Gin-1111001118!“ ' 33. that you should consider. using your property? if it's Gift and estate taxes 30d infrequently, you'll still be on probate are also different in ' Different lie-Mm system the hook for such ongoing the U5- â€" WhICh may com- The U.S. healthcare sys~ expenses as insurance cov~ plicate [93551118 your proper- - ' ~ . L .. ‘ 1 . ii i it H tem is different than ours. erage. W to the he“ generation, Make sure you take care of In addition to all the especrally ifyou are In a sec- your personal health care, other everyday costs of 0nd marriage, _ 25 YEA R L A UNDR Y medication and home care property ownership, you Those are the highlights. requirements. may need a property man- and there is even more to agement company to look consider when contemplat- Canadlan bank restrictions after things when you're not ing the purchase Of a cross- Canadian banks generally there. Also. property taxes border property. ' ' will not provide mortgages may be higher for out-of- That's why it makes 80011 on U.S_ properties. if you state owners. financial sense to talk to . . _ intend to raise mortgage your professional advisor money here to buy a proper fixable rental income before you take the plunge _ . ty there. you will need to get lf you intend to rent the into a W311“ weather proper- Si P‘V ' "j ”$3"; a line of credit or increase property when you're not tY that could blow UP into F k 34A“ m, ‘ the mortgage on your Cana~ using it, you will be required cold financral reality that ts - , W m . “ dian property to provide the to file a U.S. tax return and We?“ than any Canadian \\ " "K“ _ â€" funds be subject to a 30 per cent thef- $5 weflw g withholding tax “' . gs . - gt: U.S. mortpgeamdltferent This column Lspmurdedby a w . __ Mortgages in the U.S. are Exdnngerate Mchchrue Group Private ‘ ' * structured differently and If the loonie goes down, Wealth Management. ; can be difficult to obtain, your U.S. living expenses ContactRussMcEachnie, ' - especially after the recent will go up. CFRCSA. CDFA at 4 ._ mortgage-issuing meltdown, 519-885-2360, ext. 241 0780 A} and usually require a very Gettingagreencard towwuainvestorsgroupcom/ ”- high down payment. If you want to enjoy your wnsult/russeImeachme. . , . 54-w“ -. ”I". Empire opens newWaterloo theatre ,, .,. w , . Empire Theatres will provides easy access to rosi- clear images, as well as ' - W ‘ 3 am “open a new. state-of the-art. dents of Waterloo and sur- RealD 3D capability in five - ‘ " l' ’ lo-screen theatre complex rounding areas, and features auditoriums. . w _ __ ” fl . __ , g ' N ‘ (g __ N 1 _ 1 ., 7 inWaterloothisFriday plentyofwell-lit. free park» Thefirstphaseofthe'me flu“ 5 E: "l‘ ""~‘- 1“ HE) 1"\'l"‘-‘?"“- “Qt-lb“ f " Empire Theatres Water- ing Boardwalk development loo is located at the new The to auditoriums fea- includes Empire Theatres, - a Q m _ "o ‘ “h development The Board- ture curved screens; Dolby Walmart and Lowe's. The wallc near the comer of lra Digital Surround Sound; sta- second phase will include _/ Needles Boulevard and Uni dium-style seating for unob- banks and restaurants. K‘W versityAvenue. structed viewing; and wide Guests can View show- The new theatre blends rocker-style.seats. times. purchase tickets and 342 VICTORIA 51; n_ K|TCHENER x entertainment with technol- It has 100 per cent inte- access additional informa- one” from 0m], 5 Renew“, ogy in a contemporary and grated DLP Digital Cinema tion on Waterloo screenings F' vi L’ ._: 5 I 9_ 5 76- 3 8 8 8 unique design. Its location Projection providing crystal at www.empiretheatres.com. ., v > 1 ,â€" a ‘ S ' . Q , ‘ S ‘ , g . . Services provided on behalf of New Location Now Servmg K -W _ , Both Driver and Vehicle and ’ SerVIceOntarlo Health Card Servrces are now 7 available at this location. § t 3 figs} that e . . ' i’ - . ..'&o' 115] VlCtOl'la St. N. (beside Swiss Chalet) § 1‘s: _ - t Hours of Operation ON . r . '}%~3§_ . 3 Mon - Wed. & Fri. 9-5 KlTCHENER' 4 “tie-fag??? Thurs. 9-7. Sat. 9-noon 519.578.3211 We loolt halyard to serving you. ,