Investing in real estate canada as non-resident

iammadhu · Post by **iammadhu** » Wed May 10, 2017 2:17 pm

We (married) Canadian Citizen currently working in US (for last 5 years), and are not a resident of canada for tax purposes.
We want to invest in real estate in canada and rent out the home. Couple of questions

1. Will owning a home in canada mean, We now will be considered as residents of canada for tax purposes? meaning, our US income (salary) is taxable in canada (i understand due to tax treaty, we may only pay difference in tax rates).
2. Will we have to pay tax on rental property income in Canada monthly? or just pay it once at end of year?

nelsona · Post by **nelsona** » Wed May 10, 2017 3:08 pm

1. No
2. Monthly, with corrections made at year end ONLY on the rental income. Taxable in the US as well, of course.