Questions

I’m a Canadian with a company in Ireland and want to take some profit form my Irish company and buy some real estate in Canada. I'd like to take advantage of the favourable Euro and Canadian dollar exchange rates and falling housing prices in Canada. Instead of putting cash into a retirement fund it seems it might be a better idea to leverage that money to buy some assets in the country where I’d like to retire? Would love some insights about buying real estate via a LLC. Thank you for your time!

Hello there and thanks for checking in. I agree that it may not be so good to keep cash sitting in a retirement fund, better to have it deployed wisely and making money for you. Putting funds into assets that could appreciate more than cash, especially if you might end up living nearby could be a lot safer. But be careful investing in a declining market, especially one so inflated as Canada. Many US markets are now rebounding from their bottom and possibly better investments. Canada does not have LLCs, but if you invest in the US, they are an excellent tool to protect your assets and often save yourself a lawsuit. Canada has some other entities that may give you similar protection, such as a corporation or partnership, so if you invest only in Canada we would need to look into those. Hope this helps.


Answered 9 years ago

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