Non-Resident Tax Matters – Accounting and Tax services

Non Resident Tax Matters

IF You Have Emigrated From Canada But Own A Rental Property In Canada, You Have Tax Matters That Must Be Handled Professionally. NOT DONE

IF You Have Purchased An Investment Property In Canada But You Are Not A Tax Resident Of Canada, You Have Tax Matters That Must Be Handled Professionally. NOT DONE

IF You Are Thinking Of Or In The Process Of Becoming A Non-Resident Of Canada, You Have Tax Matters That Must Be Handled Professionally. NOT DONE

We Specialize In Tax Matters Of Non-Residents Regardless Of Where Your Tax Residency Is. Give Us A Call And We Can Work Together.

Frequently Asked Questions

How do I know if the non resident rules apply to me?

If you own a property in Canada but does not live in Canada, you are most likely a non-resident and non-resident tax rules apply. We are happy to go over your fact with you to establish your residency.

I don’t think I am a non resident, but I live out of Canada, will the rules apply on me?

CRA has guidelines on residency and there are court cases that can help determine your residency. If you believe you are a resident and non-resident rules do not apply then you are required to declare your worldwide income in Canada each year.

I was not aware of the non residency tax until recently. Will there be back taxes to pay since I became non resident?

Unfortunately, unawareness of law is not considered a valid reason for exemption. If you miss filing taxes or reporting income in the past, you will be liable to pay any outstanding tax and any interest and penalties.

Can I request to waive my interest and penalties?

We can help you file for interest and penalty waiver with CRA however without a very valid cause, these applications then to favor CRA more than the applicant.

I have not made any income on my rental property; do I still have to file?

Yes. Under basic rules for non-resident, your gross rental income is taxable. There are options available for taxpayers to save on this tax and we help clients explore those options.

I am a non resident and my house if not rented, do I still need to file taxes?

If you are not making any income from that house, you are not required to file taxes. However, as soon as you start earning income, you will be required to start filing tax.

I do not have an agent in Canada. Can you firm act as agents or help us find an agent.

We do not help find agents however we can guide you on alternatives. Our firm also act as agents on behalf on our clients. Acting as an agent is a separate engagement from tax engagements. Let us know if you require more information

I am a non-resident and I am planning to sell my house. Can you help?

Yes we can. As a non-resident, if you are planning to sell a real property, you are required to obtained a clearance letter from CRA. There are separate required if you used that house as a primary residence or as a rental property. If you are planning to sell your house as a non-resident, give us a call and we can discuss in details.