Certificate of Compliance Service in Toronto

Non-residents selling Canadian property must obtain clearance from CRA before closing their transaction. Our Certificate of Compliance service in Toronto handles Form T2062 preparation, estimated tax calculations, and timely submission to prevent fund holdbacks and closing delays. Expert Chartered Professional Accountants ensure accurate filings that release your sale proceeds without complications.

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Why Choose Our Certificate of Compliance Service in Toronto?

Non-residents selling Canadian property face strict CRA deadlines and significant fund holdbacks without proper clearance documentation. Our Certificate of Compliance service in Toronto ensures your transaction closes smoothly and sale proceeds are released without delays.

Our Chartered Professional Accountant prepare Form T2062 accurately, calculate estimated capital gains, and submit applications within the mandatory 10-day window. We communicate directly with CRA, track your application status, and resolve issues before they impact your closing date.

Toronto clients choose Tax Return Filers for reliable certificate applications backed by experienced CPA who handle non-resident property sales regularly. You receive complete support from initial filing through final disposition return preparation and withholding tax recovery.

Certificate of Compliance in Toronto

Solutions for Non-Residents

Specialized tax services for individuals with Canadian income, property, or cross-border obligations.

Complete Certificate of Compliance Services in Toronto

Non-residents selling property in Toronto face strict CRA requirements before transactions can close. Our Toronto accounting firm manages every aspect of your certificate of compliance application from document gathering through final issuance, ensuring your sale proceeds are released without complications.

Our Chartered Professional Accountant handle Form T2062 preparation for Toronto real estate dispositions and Form T2062A for other taxable Canadian property including private corporation shares and partnership interests. We establish your adjusted cost base using purchase records, legal fees, and capital improvements, then calculate capital gains and apply applicable treaty provisions to reduce your liability.

CRA requires 25% withholding on real estate sales and up to 50% on other taxable Canadian property when certificates are not obtained before closing. Following your Toronto property sale, we prepare your Section 116 disposition return to report final capital gains and recover any excess withholding held by CRA on your behalf.

Related Services:

01.

Form T2062 Preparation and Filing

02.

Form T2062A for Taxable Canadian Property

03.

Section 116 Non-Resident Disposition Returns

04.

Capital Gains Tax Calculations for Non-Residents

05.

Tax Treaty Benefit Applications

06.

CRA Withholding Tax Recovery

07.

Non-Resident Real Estate Tax Advisory

08.

Clearance Certificate Expediting

Form T2062 Filing Service Toronto

Form T2062 notifies CRA that a non-resident is disposing of Canadian real estate and requests a Certificate of Compliance. Our Toronto filing service handles this mandatory requirement for property sellers residing outside Canada.

We gather your purchase agreement, closing documents, renovation receipts, and legal expenses to build a complete submission package. Our Chartered Professional Accountant verify every calculation and ensure your application meets CRA standards on the first attempt.

Delayed or incomplete T2062 filings result in held funds and complicated closings. Our team submits your application promptly and monitors progress until CRA releases your certificate to the lawyer handling your transaction.

Why Choose Tax Return Filers Ltd ?

Our team combines advanced academic credentials with decades of practical experience to deliver exceptional tax solutions tailored to your needs.

CRA-Compliant Experts

Our team includes CPA, ACCA, PhD-qualified professionals with specializations in cross-border, corporate, and personal taxation.

CRA Audit Defense

Successfully handled numerous CRA audits with expertise in Foreign Tax Credits, Section 216/116, and complex tax matters.

Strategic Tax Planning

We don’t just file returns, we develop proactive strategies to minimize your tax burden and maximize your financial outcomes.

Trusted Nationwide

With offices in the Greater Toronto Area and Calgary, we provide expert tax services to clients across Canada confidently.

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Our Toronto Office

Our CPA firm is located in Toronto and serves clients across the Greater Toronto Area. We provide in-person meetings at our office and virtual consultations.

Address

19 Woodbine Downs Blvd #204, Toronto, ON M9W 6N5, Canada

Phone

+1 647 483 1727

Email

support@taxreturnfilers.com

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Meet Our Tax Professionals

Our team includes Chartered Professional Accountant and licensed CPA with years of hands-on experience. We track every tax law change to provide accurate guidance for individuals and businesses.

Waqar Naqvi, PhD

Waqar Naqvi, Ph.D., MFin, CFA

Tax Consultant

Narinder Singh, CPA

Narinder Singh, CPA, CGA

Head of Tax Planning, Corporate Structuring, and Corporate Taxes (T2)

Umar Khan, ACCA

Umar Khan, ACCA

Head of Bookkeeping US & Canada, Payroll, and HST

Got Any Questions?

A Certificate of Compliance is a clearance document CRA issues to non-residents selling Canadian property. This certificate confirms you paid the estimated capital gains tax and authorizes your lawyer to release sale proceeds held in trust.

Non-residents disposing of Canadian real estate and taxable Canadian property require this certificate. Without it, the buyer or their lawyer must withhold 25% of the gross sale price and remit it to CRA on your behalf.

You file Form T2062 with CRA within 10 days of your property sale closing date. The application includes property details, purchase and sale information, and estimated capital gains calculations.

Form T2062 applies to Canadian real estate dispositions including residential and commercial properties. Form T2062A covers other taxable Canadian property including shares of private corporations, partnership interests, and certain other assets.

CRA typically processes applications within 4 to 8 weeks when all documentation is complete and accurate. Incomplete submissions cause delays.

Non-residents require a clearance certificate for all taxable Canadian property sales. Canadian residents selling their principal residence or other property do not need this certificate.

Late filings result in penalties of $25 per day up to a maximum of $2,500. CRA may also delay certificate issuance and your lawyer continues holding sale proceeds until the matter resolves.

Yes, but your lawyer withholds 25% of the gross sale price until CRA receives the funds or issues your certificate. This creates cash flow issues and delays access to your proceeds.

Non-residents selling Canadian property must file Form T2062 with CRA within 10 days of the sale closing date. Our Toronto accountants prepare the application, calculate estimated capital gains, attach supporting documentation, and submit to CRA on your behalf. We track your application and communicate directly with CRA until your certificate is issued.

Without a Certificate of Compliance, the buyer’s lawyer must withhold 25% of the gross sale price and remit it to CRA. This creates significant cash flow issues and delays access to your sale proceeds. Our Toronto team ensures timely T2062 filing to prevent fund holdbacks and release your money at closing.

Book a Free Meeting with Our Tax Experts

Take the first step toward better tax planning with a free consultation. Our team is ready to review your situation and provide clear guidance. Book a time slot directly on our calendar and we will connect with you shortly.