Are you a non-resident property owner, either a formal resident or a foreign investor, who receive rental income? Canadian Income Tax Act requires appropriate tax forms be filed and taxes be paid on rental income. We will help you comply with the tax rules and save taxes.
When a property owned by a non-resident is sold, Canadian Income Tax Act requires the buyer to withhold 25% of the gross proceed and remit it to the Canada Revenue Agency. We can help you file a certificate of compliance to avoid the 25% withholding taxes on gross proceeds and pay taxes only on the gains. We will also help you file a tax return to recover part of withholding tax after the sale of the property is completed.
The Canadian tax rules are complicated. The rules for non-residents are even more complicated. You need specialists to take care of your tax compliance.
We provide life time support for each tax return we prepared. Leave the hassle to us. Enjoy the peace of mind and the tax savings.
We deal with the Canada Revenue Agency on your behalf so you don’t have to.