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?
nelsona
Posts: 18314
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.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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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