Canuck snowbirds may still win longer U.S. staysWritten by Vernon Clement Jones
A U.S. proposal to extend year-round residency to foreign property investors may have died on the order paper, but there's new hope Canadian Snowbirds will ultimately win those longer stays as early as 2014.
“Will the snowbird visa come around? I think so," Roy Berg, director for U.S. tax law at Moodys Gartner, told the Globe and Mail this week. "Why? Because they keep proposing it.
“It will be resurrected next year just like it was last year."
The latest incarnation was a bi-partisan effort to change the VISIT-USA Act by providing renewable three-year visas to foreign nationals investing $500,000 or more in residential real estate. But it ultimately failed to make it through Congress last year.
It would have allowed eligible Canadian Snowbirds to extend their annual migration south to 240 days from the current 183 days.