When to file an
Application For A Certificate Of Compliance
– If you a non-resident of Canada for tax purposes and selling a property in Canada.
– You must apply for a certificate of compliance as earlier as 30 days before the closing of the
property and no later than 10 days after closing.
– If you did not file the request for a certificate of compliance within 10 days of closing of the
property, CRA may charge you $25 per day a late filing up to a maximum of $2500.
– The seller’s lawyer will withhold a 25% of gross sales in a trust account until a you provide
him/her a certificate of compliance.
– Once you will provide the lawyer a certificate of compliance the lawyer will release the 25% of
gross sales.
– The tax payer should file a section 116 return to report the disposition of property at the end of
the year.
Please complete the checklist and let us help you in filing for a certificate of compliance certificate.
How it Works
Process of online income tax return filing with Taxreturnfilers eAdvisor
Download Checklist Answer a few basic questions
Fill Required details in the form
Upload saved checklist from your system
Make fee payment
Return filed by our Advisor
Let me show you how it works
Enter Details & Make Payment
- Enter your contact details and pay our fees
- Our Tax Planning Specialist (Advisor) will be assigned to you
- Advisor will email or call you and understand about your tax situation
Leave all the hard work to us, We will analyse your
- Previous year tax return for excess tax you have paid
- All available tax credits and deductions have been duly claimed
- Business structure to check if that is the most tax friendly
Hurray! Your Taxes are Planned & Return is Filed!!!
- Advisor Prepares your Tax planning report
- We suggests Deductions to save maximum tax
- We will remind you in early March for tax filing once your Tslips are received.