As a non-resident, a little bit of extra tax planning is required when selling Canadian real estate.
Non Residents with Canadian Rental Income
Many Canadians live abroad but own rental properties in major Canadian cities like Vancouver – mostly because Canadian real estate has become a choice asset to own. The same principles apply to many non-Canadians who are also invested in rental properties here in Canada. Both classes of taxpayers are considered non-residents for Canadian taxation purposes and both are required to report any rental income earned in Canada. Non-residents with rental income earned in Canada have tax obligations. ... Read More
