Penalty for NOT withholding tax on a non-resident's rental property

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myusername
Posts: 4
Joined: Fri May 28, 2021 1:27 pm

Penalty for NOT withholding tax on a non-resident's rental property

Post by myusername »

For a non-resident of Canada, what is the penalty of not paying the withholding tax on their monthly rental income?
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Penalty for NOT withholding tax on a non-resident's rental property

Post by nelsona »

The penalty would be late interest fees from the first month onward. Then they would force you to pay monthly the next year.

get this set up.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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myusername
Posts: 4
Joined: Fri May 28, 2021 1:27 pm

Re: Penalty for NOT withholding tax on a non-resident's rental property

Post by myusername »

Thank you, nelsona. I will.
Is this the interest rate you mentioned? https://www.canada.ca/en/revenue-agency ... rates.html

[ Source https://www.canada.ca/en/revenue-agency ... .html#toc0]
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