Can I make payments to the CRA for non-resident withholding taxes from my rental income?
Allan Madan, CA
I am a non-resident of Canada and I have a rental property in Canada. I have recently found out that I am required to remit 25% of the gross rent to the CRA as a withholding tax on a monthly basis. Can I make this payment myself?
As per the CRA ruling, an individual who resides within Canada must remit the 25% withholding tax. Normally, it should be your tenant or your property manager. A non-resident cannot do this.
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ABOUT THE AUTHOR
ALLAN MADAN
CA.CPA.CGA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
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