Non-Residents Tax Services:
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
Our Advice
“Ensure your estate plan has considered ALL the angles”
Noallan N. Naicker, CGA