Q&A With Gordon Pape: U.S. Real Estate and TFSAs
Here, a reader is interested in buying income-producing property.
Q – What are the taxation guidelines regarding income producing U.S. real estate in our TFSA? I am Canadian. – Beryl R.
A – There are no rules because you are not allowed to own physical real estate (land or buildings) in a TFSA under any circumstances. You can invest in securities that hold these assets, such as REITs, but not the property itself. – G.P.