Penalty for NOT withholding tax on a non-resident's rental property
Moderator: Mark T Serbinski CA CPA
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- Posts: 4
- Joined: Fri May 28, 2021 1:27 pm
Penalty for NOT withholding tax on a non-resident's rental property
For a non-resident of Canada, what is the penalty of not paying the withholding tax on their monthly rental income?
Re: Penalty for NOT withholding tax on a non-resident's rental property
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.
get this set up.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
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- Posts: 4
- Joined: Fri May 28, 2021 1:27 pm
Re: Penalty for NOT withholding tax on a non-resident's rental property
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]
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]