Search found 2 matches
- 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...
- 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.