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Disposition of Property by Non-Residents

Tax Question:

What are the tax rules for the disposal of property by non-residents?

Facts:

If a property owned by a non-resident is sold in Canada, then it is subject to Canadian tax. A non-resident must file a Canadian tax return to report the sale and calculate the amount of taxes owing. The risk is on the purchaser (not the seller) as Canada Revenue Agency (CRA) will try to collect tax from the purchaser if the tax is not handled appropriately at the time of the sale.

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