Canadian withholding tax on real estate proceeds by non-residents? - canadian real estate investment trust
I am a citizen of the United Kingdom, I intend to buy and sell property in Alberta. Since I am not resident in Canada suggests that withholding taxes, the purchase of any product or other amounts payable are subject to me in connection with products of real estate investments in Alberta, the Canadian. Are you? If so, is there a way to reduce tax at source? Thank you.
Friday, January 1, 2010
Canadian Real Estate Investment Trust Canadian Withholding Tax On Real Estate Proceeds By Non-residents?
2 comments:
The withholding tax on rental income for non-residents is 25% of gross rental income. This would be as your final tax liability to Canada.
However, this reduced amount in May to 25% of net rental income (income minus expenses), if you find a selection of NR6 with the tax authorities to file T1159 and a time every year.
The following link is a guide published by the tax specifically for the people in your situation. This includes phone numbers and contact persons in the Office of International Services Tax.
http://www.cra-arc.gc.ca/E/pub/tg/t4144/ ...
The default retention rate is 25% Country and 50% of the buildings. (This is a beast!)
ARC is accepting applications for restraint reduction (25% of the profits from agriculture and) a variable amount of the unamortized amount of profits in the building so that you can not wait to file tax returns for a refund.
Post a Comment