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
Need to file Canadian return just to report sale of property
Moderator: Mark T Serbinski CA CPA
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.
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.