At Naicker & Associates we can advise Non-Residents on Canadian tax reporting requirements and assist them in preparing Canadian tax filings in the following circumstances:
Disposing of Canadian Property
We can assist the non-resident vendor to meet Canadian tax compliance as follows:
Calculate the capital gain and withholding tax
Request a Certificate of Compliance T2062
File Canadian Income Tax return
If the non-resident vendor does not comply with Canadian tax legislation, the purchaser will be liable for a withholding tax – 25% to 50% of the sale proceeds.
Rental Income
Advise and calculate the withholding tax requirements
Annual NR4 tax filings for payments to non-residents
Annual NR6 filings for Optional Election to reduce the withholding tax
