房产退税
-
Answers to all tax questions for international students buying houses
Parents of students who come to Canada to study abroad always want to buy a house for their children to live in or rent out, and the value of the house will increase in the future.
However, once parents living outside Canada and international students in Canada jointly purchase a house, they will face the trouble of filing tax returns for residents and non-residents. Jinni, the Golden Key Business Development Center, will give you a comprehensive answer today on what tax issues Canadian international students will face after buying a house and how to solve them.
-
Withholding tax on rental properties in Canada for non-tax residents
If you are a non-tax resident, or part of the property rights of your house is held by a non-tax resident, then the proportion of the non-tax resident property rights in the rental income needs to be reported as a non-tax resident.
-
There are techniques for tax refund when buying a house. How much do you know?
You can get a tax refund when buying a house! This is no longer news. How many types of taxes can be refunded and how much are the taxes? Not everyone knows how to meet the "harsh" conditions for various tax refunds. -
A complete breakdown of the HST rebate for new homes: What exactly is it?
"What exactly is the HST rebate for a new home?" "Who pays the HST for a new home?" "How is the HST rebate calculated?" These questions usually cause headaches, but because the HST rebate amount is relatively large. This means that if not handled properly, your loss of money and time will also be very large. -
Answers to HST questions involved in "transfer of off-the-plan property"
Today I will explain to you: HST involved in the transfer of uncompleted properties. Do I need to pay HST on the transfer of uncompleted properties? If necessary, how is it calculated? -
Rental housing for non-tax residents | Things to note
Because you have income from house rentals in Canada, according to Canadian tax laws, even as a Canadian non-tax resident, you are still obliged to declare and pay taxes to the Canadian government for your income in Canada. If your obligations are not met on time, penalties and interest will accrue. This is especially important if you plan to sell your home in the future, because if you fail to declare your income and pay taxes on time, you will not be able to get the full payment when you sell your home. The house transfer lawyer will withhold part of the house payment on behalf of the tax bureau because the tax relationship of selling your house has not been clarified. -
Apply for a Canadian Individual Tax Number (ITN)
Since Canadian non-tax residents do not have a Social Insurance Number (Social Insurance Number) provided by the tax bureau, they cannot file taxes normally. Even if they live in Canada for some reason, they cannot apply for any Canadian benefits or tax refunds. -
Frequently Asked Questions about the 15% Overseas Buyer Refund Tax (NRST)
The full name of overseas buyer tax is Non-Resident Speculation Tax, or NRST for short. The NRST applies to overseas buyers who purchase residential property in the Greater Golden Horseshoe Region (GGH) on or after April 21, 2017, and will be charged 15% if the property purchased does not exceed six family dwellings. Overseas buyer tax. Commercial, agricultural, and industrial properties are not within the scope of taxation. Residential and other types of mixed properties are levied on the residential value. Let’s take a look at the frequently asked questions about tax refunds! -
Overseas buyer tax refund, large amount and high risk! Be sure to find someone reliable
What is Overseas Buyer Tax, who needs to pay it, and where to buy a house in Canada only need to pay the 15% overseas buyer tax. However, during actual operation, many people are still confused when encountering specific problems. So we summarized some of the most common cases and give you a detailed analysis in this video. -
Why do non-residents need a Canadian agent to file tax returns on rental income?
In order to prevent overseas buyers from not paying taxes on time after collecting rent, the Canada Revenue Agency requires all overseas buyers to pay 25% of the income generated from rent in advance. -
A picture to understand the whole process of selling a house and paying taxes in Canada for non-tax residents
In order to ensure fairness and prevent non-tax residents from evading taxes without being able to trace them, the tax law stipulates that when any non-tax resident sells a personal investment property in Canada
-
Questions about tax returns for investment properties in Canada? How to pay and how much to pay?
In Canada, where everything is taxable, regardless of buying or selling, there are taxes when there is a transaction.
No matter whether you are a citizen or not, or where you are, as long as you invest in a Canadian territory, from purchase to profit, every step of the process needs to file and pay taxes as required by the rules, and ultimately comply with tax laws and your Depending on your individual circumstances, the tax bureau will decide whether to refund you or require you to pay back the tax. Take real estate investment as an example. No matter how you finally decide to dispose of your real estate investment, in order to treat all investors more fairly and to prevent non-tax residents from being held accountable for tax evasion, tax law stipulates that any non-tax resident must register an individual with the Canada Revenue Agency (CRA) Before renting or selling the investment property, mortgage 25% of the total income from rent or house price to the tax bureau, and after the transaction is completed, submit the calculation of expenses and net income to apply for a tax refund.