I have read many forums informing that a non resident must have local Canadian person depositing 25 % of gross rental for XIII to CRA. In my case, I had taken post dated checks from my tenants when I was resident. When I came to US, I called CRA International tax office and set up my non resident account on phone.
Although I moved to US, I kept my TD Canada Trust bank account. Simply informed them that I live in US to update address. I send my rent check to bank by mail and get deposited. On or before 15th of every month, I pay 25 % rent amount as tax for previous month rent using CRA website link "My Payments" using Interac online from TD bank. I regularly receive receipt for the payments made from CRA to my US address however I always print and save electronic copies of payment made online
For 2009 taxes now I have now received NR4 slip from CRA and in the space provided for local agent's details, I see a CRA stamp.
Am I missing something or is the process modified or simplified?
Due to hassel in finding out local agent to fill NR6 and also expenses associated with his commission, I plan to continue to pay 25 % tax in future years as long as a 216 return refunds me most of money based on net rental income, I am OK.
I will update on this when my 2009-216 return get assessed in couple of months.
Myself paying 25 % gross rent withholding tax to CRA
Moderator: Mark T Serbinski CA CPA
-
- Posts: 42
- Joined: Sun Oct 04, 2009 10:05 pm