Taxes for Non Residents

With today’s globalized workforce, it is not uncommon to work in a country that you are not a resident of. Canadians and non-residents living or working abroad may still have to pay Canadian income taxes. It is essential for you to know your income tax obligations. Protect your investments in Canada while you are abroad by letting Filing Taxes take care of tax compliance issues so you can relax and enjoy the rewards.

You can feel confident choosing Filing Taxes as your go-to resource for all of your individual and business-related non resident tax services.

Filing Non Resident Tax Returns in Mississauga and Toronto

Non-residents of Canada are only taxed on their Canadian-sourced income. Whether you are an employee working in Canada, own property in Canada, or are a business owner carrying on business in Canada, you may have a tax liability.

If you are a non-resident of Canada and wonder if you have any tax obligations and filing requirements to Canada, you have come to the right place. There are a bunch of complicated questions to address — What are the tax implications of non-residents working or carrying on business in Canada? Are there penalties for non-compliance? Is there a way to reduce the tax you pay or reduce the risk of penalties being applied? Do you have to file a Canadian tax return?

Let Filing Taxes experienced Professional Accountants in Toronto help with your non resident tax requirements. We can also help you file your non resident tax return by calculating taxes on all income sources that are related to Part I Tax & Part XIII Tax filing.

Our team of Canadian non-resident tax specialists is adept at ensuring you comply with both individual and business tax regulations while taking advantage of incentives and credits. We make sure that you never have to face double taxation or penalties.

Our Experienced Accountants in Mississauga & Toronto Do All the Heavy Lifting for You

Non resident tax means twice the amount of tax regulations and compliance requirements, which can prove to be complex, time-consuming, and costly. Hence, as professional non resident tax service providers, we can assist you with all tax compliance requirements whilst minimizing your worldwide tax. We know the ins and outs of the exhaustive maze of the Canadian tax system. Our unique tax-efficient structure is constructed for your needs.

Canadian Non-Resident Income Tax Compliance, Tax Planning, and Consulting Services

In-depth analysis of residency status for Canadian tax purposes by considering the primary/ secondary residential ties and other relevant residential factors
Preparation of Canadian T1 personal emigration/immigration income tax returns for taxpayers departing from or entering Canada
Preparation of Canadian income tax returns for non-resident individuals/corporations doing business in Canada
Preparation of elective non resident tax returns for non-residents under sections s.216, s.216.1, s.217, and s.218.3 with Canadian-sourced income
Preparation of GST/HST returns for non-residents owning real estate rental properties.
Preparation of non resident tax information slips such as NR4s/NR4SUM, T4A-NRs/T4A-NRSUM
Preparation of NR5 and NR6 tax forms for a reduction in withholding taxes for non-residents
Completing different forms like Form NR73 & Form T1161
Preparation of form T2062/2062A – Certificate of compliance (clearance certificate) and final T1 non-resident personal income tax return under section 115 for the sale of real property in Canada by non-residents
Preparation of form T1261 – Application for individual tax number (ITN#) and non-resident withholding tax account (NR account#) for non-residents with Canadian source income
Filing of a Departure Tax Return for non-residents.
Customized exit/entry tax planning and analysis of Canadian tax consequences for Canadian tax residents emigrating (departing) from / immigrating (entering) to Canada.
Consultation and analysis of Canadian tax consequences to foreign professionals/temporary workers/athletes/entertainers
Consultation and advice on investments in Canada, including the purchase of real estate in Canada by non-residents.
Representation and Liaison with the Canada Revenue Agency (CRA)
We help you with reassessments from CRA.
We provide yearlong tax support even after you file your taxes
If you’re being audited or reassessed, we will deal with all of CRA’s correspondence.

How To Know If You're In A Non Resident Tax Bracket?

Residency Status Matters — There is a misconception that taxation in Canada is based on citizenship or immigration status. It is based on whether or not you are a resident of Canada. A person can be a resident of Canada even if they are not a Canadian citizen. Also, a person who is a Canadian citizen may not be a Canadian resident for income tax purposes. We will help you understand your status and how it affects your taxes.

You’re a non-resident of Canada for tax purposes if you: normally, customarily, or routinely live in another country and are not considered a resident of Canada. You don’t have significant residential ties in Canada, or you lived outside Canada throughout the year, or your stay in Canada was less than 183 days.

Below is a sample list of non-residents who generally require our non resident tax services:

Individuals leaving or entering Canada.
Professionals or consultants earn fees for services rendered in Canada.
Expatriate foreign executives and employees working in Canada.
Foreign individuals or corporations carrying on business activities in Canada.
Foreign individuals with residential ties in Canada
Foreign owners of Canadian rental properties
Non-resident purchasers or sellers of real property in Canada
Temporary foreign actors, directors, performing artists, and workers in film and entertainment occupations.
Deemed Canadian residents
Foreign corporations with subsidiary corporations in Canada
Non-resident trusts with Canadian resident contributors and/or Canadian resident beneficiaries
Non-resident shareholders of Canadian corporations
Partnerships with non-resident partners

Should You Become a Resident, a Factual Resident, or a Non-Resident of Canada for Tax Purposes?

When you are thinking of ways to save on your taxes, it makes perfect sense to debate the above question. To get the best advice, you should get in touch with a tax expert or an accountant who can help guide you the right way and help you save on your taxes as much as possible.

If you are a non-resident looking to file your non-resident return or looking to become a non-resident for tax purposes, our expert accountants in Toronto can assist you in the whole process taking in account of all the obligations of Canadian legislation.

Voluntary Disclosure Program for Non-Residents of Canada

The world of numbers and taxes can be confusing, but that’s what Filing Taxes is here for. Sometimes, non-residents are in non-compliance with the tax laws of Canada, either intentionally or based on misguided advice. The Canada Revenue Agency runs a program Voluntary Disclosure Program (VDP), and gives an opportunity to taxpayers to come clean. The VDP offers protection from gross negligence and criminal prosecution. There is a possibility to reduce interest and penalties as well.

Simplify Your Non Resident Tax Filing

Need assistance with non-resident income tax planning, preparation, resolving issues with the Canada Revenue Agency, formal tax advice, or a VDP application?

Get in touch with us today and experience the service excellence that other Canadian non-resident clients swear by. Our accountants in Canada are adept at handling all aspects of your non resident tax return preparation and filing so that you can breathe easy and relax, wherever in the world you may be.