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Information For Non-Residents

The following is a summary of the ongoing filing requirements for non-residents who own property in Canada.

Form	Reason	Period	Due Date to CRA
NR4	Reports gross rent	Annual	Mar. 31 of the following year Completed by your agent
NR6	Reduce withholding tax	Following year	Dec. 31 of current year Completed by non-resident and agent
GST	Report GST collected / paid out	Annual	Mar. 31 of the following year
T1	Personal Income Tax Return	Annual	June 30 but preferably no later than April 30 by non-resident
T1261	Application for an individual tax number (ITN) for a non-resident	One time in order to file a tax return	Not Applicable

Note 1: "the agent" must be a resident of Canada to whom the rental payments are paid or credited on behalf of the non-resident. The Canadian "agent" accepts responsibility to file an income tax return or pay tax according to the NR6 undertaking. KM Cox does not act as an agent for any non-residents.

Note 2: KM Cox & Company Inc. will act as your representative in matters pertaining to filing your GST and T1's with Canada Revenue Agency. We will assist with completing your NR6, however your Canadian agent (usually the assigned property manager collecting rents on your behalf) must sign the form and take responsibility for remitting the withholding tax.

Selling Canadian real estate creates its own set of filing requirements for the non-resident. Any gain on the sale of rental or personal property in Canada will be subject to tax in Canada.

Form	Reason	Period	Due Date to CRA
T2062	Request for a certificate of compliance related to the disposition	Date of Sale	No later than 10 days after the date of disposition *
T1	Personal tax return to report final sale	As Above	As Above

* The penalty for failing to submit notice on time is $25 per day to a maximum of 100 days of $2,500. Therefore, it is imperative that we receive the necessary information from your legal counsel in order to complete this notification on time.