I am non-resident canadian since Oct 2015, I filled my last departure return in 2016 for tax year 2015.
Recently I bought my Ist property in Canada and declare as a rental property (Hired a property manager to manage the property and collect the non-resident withholding tax on rental income and pass to CRA). I dont have any other canadian sources of income except the rental income. If i Consider this withholding tax is as my final tax obligation, do i still need to file my tax returns.
No, you are not obligated to file a Non-Resident Section 216 Return in respect of the rental income that you collected from your rental property in Canada. However, you can deduct operating expenses and depreciation on this tax return, which can result in a full or partial refund of the withholding taxes you remitted to the CRA during the year. Therefore, you should consider filing a Section 216 Return, which we can help you with.
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