Search found 2 matches

by nivikasha
Sun Feb 23, 2025 11:01 pm
Forum: Canada / United States Tax & Accounting
Topic: T2062 Withholding question
Replies: 0
Views: 4022

T2062 Withholding question

I'm selling my former primary residence in BC this year, after moving to the US in 2023 and becoming a non-resident for Canadian tax purposes. The property, which included a legal basement suite, was rented out from our move in 2023 until September 2024, and has been vacant since. Our lawyer is advi...
by nivikasha
Sun Feb 23, 2025 10:51 pm
Forum: Canada / United States Tax & Accounting
Topic: US tax on selling property in Canada
Replies: 5
Views: 16532

Re: US tax on selling property in Canada

We are in same predicament, where our lawyer is insisting a withholding of 50% on gross and due to which we would be under water and would not be able to close.