Non Resident Tax Filling

Electing under Section 216 of the Income Tax Act allows non-residents earning Canadian rental income to pay tax on their net rental profit rather than on their gross rental receipts. Without this election, CRA withholds 25% of every rent payment collected and remits it directly, regardless of your actual expenses. For a non-resident landlord with…

The NR73 Determination of Residency Status is a form submitted to the Canada Revenue Agency to get an official ruling on whether a person is a Canadian resident or non-resident for tax purposes. CRA reviews your residential ties, your departure date, and your connections to Canada before issuing a written determination. This ruling directly affects…

The difference between T2062 and T2062A comes down to what type of property you are selling as a non-resident of Canada. Form T2062 is used for Canadian real estate dispositions, while Form T2062A covers other taxable Canadian property including private corporation shares, partnership interests, and resource properties. Understanding which form applies to your specific sale…

Getting a Certificate of Compliance in Canada is a mandatory step for any non-resident selling Canadian property. The process starts with filing Form T2062 with the Canada Revenue Agency within 10 days of your sale closing date. CRA reviews the application, calculates the estimated tax on your capital gain, and issues the certificate once payment…

Non-resident landlords face special Canadian tax rules that can take a large portion of their rental income if not handled properly. Canada automatically withholds 25 percent tax from rental payments unless you complete the correct forms to reduce this amount. These tax tips help non-resident property owners keep more of their rental income through smart…

UN employees can reduce their Canadian taxes significantly through strategic planning that takes advantage of special deductions and exemptions available to international organization staff. These tax strategies include claiming diplomatic housing deductions, maximizing RRSP contributions, properly reporting UN pension income, and understanding which employment benefits qualify for tax exemptions. Smart tax planning helps UN employees…

Becoming a non-resident of Canada from Fort McMurray involves seven key steps that ensure clean tax separation from Canada and prevent future compliance issues. The process includes setting your departure date, severing Canadian ties, obtaining legal residency abroad, closing financial accounts, appraising assets, filing departure tax returns, and managing ongoing obligations. Success means avoiding double…

Becoming a non-resident of Canada from Mississauga involves severing residential ties, notifying the Canada Revenue Agency, and meeting specific legal requirements to change your tax status. The process includes selling or renting your primary residence, closing Canadian bank accounts, canceling provincial health coverage, and filing a departure tax return. You must also establish permanent residence…

If you’re a non-resident of Canada and receive income from Canadian sources, such as rental income or proceeds from selling a property, you have tax obligations to meet. Failing to file your tax return as a non-resident can result in penalties, interest charges, and the risk of paying more tax than necessary. In this blog,…

Filing your US tax return, whether it’s personal or for a small side business, can be really confusing. The IRS expects you to get all the numbers right, and even tiny, honest mistakes on your filing can cause a lot of problems. You could get hit with unexpected penalties, wait months extra for your refund,…