Need to file Canadian return just to report sale of property

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Potassium
Posts: 39
Joined: Sun Apr 14, 2013 1:26 pm

Need to file Canadian return just to report sale of property

Post by Potassium »

Hello

I moved from Canada to the US a few years ago and have not been filing Canadian tax returns since that time as I have no Canadian income (other than some bank interest).

However last year I sold a property in Canada. The property was not rented out and thus I received no income from it, there was also no capital gains made from the sale.

Therefore I don't owe any tax on income from nor the sale of the property, however do I still need to file a tax return anyway? For example are there reporting/filing obligations that mean I have to file?

(The sale was reported to Revenue Canada at the time and they initially kept some withholding tax which was later released in full).

TIA
Potassium
Posts: 39
Joined: Sun Apr 14, 2013 1:26 pm

Post by Potassium »

I found this

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs ... u-eng.html

I suppose the property was no longer my principle residence after I moved to the US, however as there was no capital gain on the sale there should be no need to report the sale as I ordinarily wouldn't file a Canadian return otherwise.
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