If you left Canada but still own property here, or you are a non-resident earning Canadian income, you have filing obligations that are easy to miss and expensive to miss for long. This is specialist work and we do it regularly for clients living abroad.
What we handle
- Section 216 returns for Canadian rental income
- NR4 slips and non-resident withholding
- Section 116 clearance certificates on property sales
- Departure returns and deemed disposition
- Residency determination
- Treaty-based positions
What it costs
Quoted per file. Non-resident work varies a great deal depending on how many properties are involved, how many years are outstanding and whether a clearance certificate is needed. You get a fixed price before we begin.
Rental income and the 25% withholding
Rent paid to a non-resident is subject to 25% withholding on the gross amount. Filing a Section 216 return lets you be taxed on net rental income instead, after expenses, which is almost always a lower number. The election has deadlines attached to it. If you have been withholding without filing, or not withholding at all, talk to us about where you stand before it compounds further.
Selling Canadian property
A non-resident selling Canadian real estate needs a Section 116 clearance certificate, and the buyer withholds a portion of the sale price until it is issued. Starting this early matters. It holds up closings when it is left to the last minute, and the funds stay locked up until CRA processes it.
Ask about your situation
We work with clients in different time zones and everything can be handled remotely. Call 647-990-7258 or email raj@rubytax.ca and we will come back within one business day.