Search found 3 matches

by dpi88
Tue Mar 08, 2022 12:14 pm
Forum: Canada / United States Tax & Accounting
Topic: NR Net Rent Tax Calculation
Replies: 7
Views: 3672

Re: NR Net Rent Tax Calculation

Thanks so much for the answer!
Isn't it 25% tax rate though (and not 15%)?
by dpi88
Sat Mar 05, 2022 4:03 am
Forum: Canada / United States Tax & Accounting
Topic: NR Net Rent Tax Calculation
Replies: 7
Views: 3672

Re: NR Net Rent Tax Calculation

Thank you for the answer. I read the NR6 again and cannot find information that supports previous year calculation.
The following text is from the NR6:

"If a valid NR6 is approved, the non-resident withholding tax must be determined when the actual rental payment is made taking into account ...
by dpi88
Fri Mar 04, 2022 11:32 am
Forum: Canada / United States Tax & Accounting
Topic: NR Net Rent Tax Calculation
Replies: 7
Views: 3672

NR Net Rent Tax Calculation

Hi - I'm a tax withholding agent for a non-resident.
We filed an NR6 which was approved so the rent income is taxed on the net amount
I understand that for each month I have to remit the tax, my question is about the net amount calculation.

I'll give a simple example, say these were the ...