Search found 4 matches
- Thu Aug 05, 2021 4:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Penalty for NOT withholding tax on a non-resident's rental property
- Replies: 2
- Views: 2732
Re: Penalty for NOT withholding tax on a non-resident's rental property
Thank you, nelsona. I will. Is this the interest rate you mentioned? https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates.html [ Source https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/interest-penalties/late-filing-penalty.html#...
- Thu Aug 05, 2021 12:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Penalty for NOT withholding tax on a non-resident's rental property
- Replies: 2
- Views: 2732
Penalty for NOT withholding tax on a non-resident's rental property
For a non-resident of Canada, what is the penalty of not paying the withholding tax on their monthly rental income?
- Sat May 29, 2021 5:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Part XIII witholding penalty
- Replies: 2
- Views: 1782
Re: Part XIII witholding penalty
Hey Ruib77,
How did you setup your pre authorized debit with CRA for rental tax witholding of Part XIII at 25% rate?
How did you setup your pre authorized debit with CRA for rental tax witholding of Part XIII at 25% rate?
- Fri May 28, 2021 1:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to pay non-resident withholding tax on rental income directly by the owner
- Replies: 0
- Views: 10803
How to pay non-resident withholding tax on rental income directly by the owner
A tax non-resident of Canada must pay 25% of gross rental income by the 15th of the following month (let’s ignore the fact that the tax can be paid on the “net income”). Does anyone know how paying withholding tax on rental income directly to CRA, i.e. without an agent, works? In the CRA website, th...