What is the due date to file a section 216 tax return

Non residents who receive rental income may choose to file a section 216 election return to save tax. There are specific rules regarding when the tax return is due in order for the election to be valid. Withholding tax on gross rental income If you withhold non-resident tax at the rate of 25% on the gross rental income, you don’t have to file a section 216 election. However, if you choose to file the election return to save tax, the return has to be filed within 2 years from the end of the year in which you received the rental income. For example, if you receive rental income in 2015, you have until December 31, 2017 to file your election return. Withholding tax on net rental income If the Canada…
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How to decide which date you become a non-resident?

When you leave Canada to settle in another country, you usually become a non-resident for income tax purpose on the latest of the following dates: the date you leave Canada; the date your spouse or common-law partner and dependants leave Canada; or the date you become a resident of the country to which you are immigrating. If you lived in another country before living in Canada and you are leaving Canada to re-establish a residece in the other country, you usually become a non-resident on the date you leave Canada. This applies even if your spouse or common-law partner temporarily stays in Canada to dispose of your home.
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How non-residents are taxed differently than residents of Canada?

Under the Canadian income tax system, your liability for income tax is based on your status as a resident or a non-resident of Canada. If you are a resident in Canada during a tax year, you are subject to Canadian income tax on your worldwide income from all sources both inside and outside of Canada.However, you are only subject to Canadian income tax on income from sources inside Canada if you are a non-resident.You may be resident in Canada for only part of a year, in which case you will only be subject to Canadian tax on your worldwide income during the part of the year in which you are resident; during the other part of the year, you will be taxed as a non-resident.    
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What expenses you can deduct from rental income?

You can deduct any reasonable expenses you incur to earn rental income. The following is a list of expenses that are deductible: Advertising - You can usually deduct amounts for advertising that your rental property is available for rent. Insurance - deduct the premiums for the current year. If your policy gives coverage for more than one year, you can deduct only the premiums that relate to the current year. Deduct the remaining premiums in the year or years to which they relate. Interest - you can deduct mortgage interest but repayments of principle are not deductible. You can also deduct certain fees you have when you get a mortgage or loan to buy or improve your rental property. Office expenses - small items such as pens, pencils, paper clips, stationery, stamps, etc. Legal,…
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