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LLC in the US - how much in taxes?
05-12-2015, 02:57 AM
Post: #1
LLC in the US - how much in taxes?
Hi, I am a US (not Canadian) citizen who owns a rental apartment in Florida. I'm now placing it under an LLC. I want to have 90% ownership, and give 10% to my son, who lives in Canada, and IS a Canadian citizen. If I do this, what will be the Canadian tax impact for him? (will he have to pay taxes over the whole yearly income of the LLC, or just the income of his percentage? Thank you!
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