Declaration of rental income from Canadian property for non-residents
Declaration of rental income from Canadian property for non-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.
The information you need to provide is as follows (because Canadian tax returns are based on individuals, if multiple people share one or more properties, you can add a separate order to the shopping cart and check out together):
- Copy of passport (for applying for tax number)
- House purchase contract
- House handover lawyer documents (for expense deduction)
- House rental contract
- Bank account information (used to set up pre-authorization so that the tax bureau can withhold prepaid taxes directly from your account)
If your situation is more complicated, you can contact us via emailinfo@goldkeybiz.com or WeChat goldkeybiz.
Due to UHT (underused housing tax) declaration, there are currently many customers who need to make supplementary declarations, so it is recommended to process them as early as possible. You can also email us to request UHT electronic filing tutorials and links. Hope this helps everyone
立即下单 - 100%安全，加密在线支付
Unable to load pickup availability
Frequently Asked Questions Q&A
1. What is Section 216 Net Rental Income Withholding Tax?
Non-residents can choose to pay 25% non-resident tax on their net rental income after deducting necessary expenses, rather than on their gross rental income, under Section 216 of the Income Tax Act.
2. Why is it necessary to submit Form NR6?
After the CRA approves the NR6, your agent can withhold tax based on net rental income; until then, tax must still be withheld at 25% of the gross rental income.
3. When should NR6 be submitted?
Form NR6 must be submitted to the CRA before the first rent collection for each property (or before each rent change) to qualify for withholding on net income.
4. How do we calculate the monthly provisional tax?
The provisional tax is calculated at a 25% rate on the net rental income, which is obtained by subtracting the deductible expenses for the month from the fixed monthly rental income.
5. When do agents need to pay the withholding tax?
Agents must pay the withholding tax via CRA My Payment, PAD, or bank before the 15th day of the month following the month in which the rent was paid or credited. Late payments will incur interest and may be subject to penalties.