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Non-Resident Tax

Canadian Non-Resident Tax: Regulation 105

Regulation 105 puts the majority of the withholding and remitting obligations on the payor for the services rendered in Canada. The payor is required to withhold 15% of the payments made. If the required amount is not withheld, the company must pay (on behalf of the non-resident) the payment amount plus interest and applicable penalties.

Non-resident withholding tax regime on the sale of Canadian property

It is quite common for non-residents / U.S citizens who do not live in Canada to own Canadian property. These non-residents may do this for a variety of reasons; perhaps they want to own a second home in Toronto; or, perhaps, given the price, owning Canadian property presents itself as a terrific investment opportunity.


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