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- 2018 - 2019 Canadian Non-Resident Rental Return (S216) - Due June 30th, 2020 - 1 or 2 taxpayers/1 rental property
2018 - 2019 Canadian Non-Resident Rental Return (S216) - Due June 30th, 2020 - 1 or 2 taxpayers/1 rental property
SKU:
CA$300.00
CA$300.00
Unavailable
per item
If you are a non-resident of Canada for tax purposes but have Canadian real estate rental income then you need this kind of return. If you select this option I will need you to authorize me as a representative at some point. Please authorize Expatax now if you have any earlier issues you need cleaned up otherwise you may do so later. Once you order this return, we will send you a link to a dropbox folder and you can upload any scanned documents that you have so that we can get started.
Your tax return will be returned to you via Box or DropBox (if you have a preference please indicate in notes to seller at checkout) and you will receive an email with a link to click on to retrieve your password protected file once it is complete.
Your tax return will be returned to you via Box or DropBox (if you have a preference please indicate in notes to seller at checkout) and you will receive an email with a link to click on to retrieve your password protected file once it is complete.
Included in the price of the return(s) is:
- one return if you hold sole title to the property or two returns if two people hold title - usually husband and wife - as normally each person on title must file their own return reporting their portion of the rental income.
- I will mail the completed return(s) to the Canada Revenue Agency after obtaining a scanned signature on page 2 of the return from you. This helps ensure your return gets to the Canada Revenue Agency in a timely fashion as mail from far flung corners of the globe do not always get there! These returns can not be e-filed yet but I am ever hopeful the Canada Revenue Agency will change their minds and allow it!
- filing the NR4's which are income slips due Feb 28th reporting income and tax withheld - usually filed by your property manager but I can file them if you or a relative is your property manager.
- filing the NR6 which is the request to reduce withholding taxes for the following year - again usually filed by your property manager.
- filing a section 45(2) election if it was not done when you left. This election can be filed to deem the rental property to be your principal residence throughout your non-resident period as long as you lived in it just before leaving, plan to return to it immediately upon return and do not claim any depreciation on it at any point.
- no GST (unless you returned to Canada) as I do not have to charge GST to anyone currently residing outside of Canada!
- if an NR6 was filed for 2016 the return must be have been filed by June 30th, 2017 (i.e. 6 months after the year end the rent was collected in) or the Canada Revenue Agency will disallow all expenses and charge a flat 25% tax on gross income collected.
- if an NR6 was not filed for 2016 the return must be filed by December 31st, 2018 (i.e. two years after the year end the rent was collected in) or the Canada Revenue Agency will disallow all expenses and charge a flat 25% tax on gross income collected.
- if an NR6 was filed for 2017 the return must be filed by June 30th, 2018 (i.e. 6 months after the year end the rent was collected in) or the Canada Revenue Agency will disallow all expenses and charge a flat 25% tax on gross income collected.
- regardless of whether an NR6 was filed, the deadline is moved up to April 30th, 2018 if you sold the property in 2017 and you are reporting recapture of depreciation (i.e. if you sell the real estate for a net gain and you have ever claimed depreciation on it)
- a re-entry return if you resumed Canadian tax residency during the year
- a departure return if you ceased Canadian tax residency during the year
- US returns if you were a tax resident of the US while a non-resident of Canada