Section 216 return: Rental income earned by a non-resident

Non-residents are required to pay taxes in Canada on all Canadian sourced income. However, for non-residents they can skip paying taxes on that income since they no longer live in Canada. To counter that the CRA requires that for all payments that are made to non-residents 25% of the gross amount be withheld and remittedContinue reading “Section 216 return: Rental income earned by a non-resident”