Do Overseas Investors have to pay Tax on Rental Income from Properties in Canada?
Yes, overseas investors (ie non-residents owning Canadian rental properties) are required to pay 25% of net annual income (gross rent minus expenses) to Revenue Canada as Non-Resident Tax.
Yes, overseas investors (ie non-residents owning Canadian rental properties) are required to pay 25% of net annual income (gross rent minus expenses) to Revenue Canada as Non-Resident Tax.
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