Owning rental property in Canada as a non-resident comes with specific tax obligations.
Key aspects of services for non-residents with rental income include:
- NR4 & NR6 Filings – Handling necessary forms to reduce withholding tax and simplify compliance.
- Tax Return Preparation – Ensuring accurate reporting of rental income, deductions, and allowable expenses.
- Withholding Tax Optimization – Reducing tax burdens through proper structuring and tax-efficient strategies.
Proper tax planning ensures rental income is managed efficiently while avoiding unnecessary tax burdens.
Avoid Penalties with Rental Income Tax Filing
Failing to file correctly as a non-resident earning rental income in Canada can result in overpaying taxes or facing CRA penalties. A structured approach ensures compliance while optimizing tax efficiency.
- NR6 Filing for Tax Reduction – Allows tax payments based on net rental income instead of gross revenue.
- Maximized Deductions – Identifies all eligible property expenses, including depreciation, to reduce taxable income.
- Accurate Reporting & Compliance – Proper filing prevents fines and ensures rental income is correctly documented.
Proper tax planning for non-resident rental income safeguards investments, ensures compliance, and maximizes financial returns.
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