Non-resident selling real estate in canada
What are the tax implications for non-residents selling real estate in Canada?
Randy Dueck Changed status to publish November 5, 2020
For a non-resident selling property in Canada, the CRA’s requirement for the remittance of withholding tax is as follows:
The property purchaser is required to withhold 25% of the total purchase price, the seller is required to inform CRA of the proposed sale by filing a Certificate of Compliance. The CRA, on the receipt of this certificate, will bind the purchaser in releasing the amount withheld to the non-resident and then after the end of the calendar year, the non-resident is required to file a Canadian tax return to report the sale.
Randy Dueck Changed status to publish December 23, 2019