We Relieve The Pain From The Following Tax Obligations
- Corporations must complete Schedule 91 i.e. Information concerning claims for Treaty-Based Exemptions.
- If you are a non-resident corporation, complete Schedule 97 i.e. Additional Information on Non-Resident Corporations in Canada. This schedule has been developed to identify the type of income earned in Canada by all non-resident corporations.
- If the corporation disposes of TCP (Taxable Canadian Property), the corporation must notify the CRA, and obtain a certificate of compliance.
- Any payment received for services provided in Canada is subject to a 15% tax withholding, which must be remitted to the CRA by the person making the payment.
- Non-resident corporations may also register for a payroll deductions account.
- A non-resident corporation may have to pay tax on passive income it receives from Canada. As well, a non-resident corporation carrying on business in Canada may be required to withhold tax under Part XIII of the Income Tax Act if it pays or credits certain kinds of income to another non-resident.
- Canadian agents and their non-resident clients are reminded of the obligations assumed when they filed their Form NR6 for a tax year.
- Non-residents who invest in Canadian mutual fund investments may be assessed non-resident withholding tax.