What happens when someone who doesn’t live in Canada sells or rents out Canadian real estate?
Frankie and Sarah explain the tax consequences non-residents face, many of which come as a complete surprise. From clearance certificates to withholding requirements, this episode walks through the most common (and costly) mistakes people make when disposing of or renting property across the border.
It’s not just for non-residents, either. Canadian lawyers, accountants, and real estate professionals will benefit from knowing what’s at stake when their clients are dealing with these transactions. Whether it’s a family cottage, rental condo, or inherited home, this conversation helps clarify what needs to be filed, when, and why it matters.
What you can expect from this episode:
- When and why CRA requires clearance certificates
- Why rental income from a Canadian property still triggers tax, even if you live abroad
- How to avoid major penalties by filing early
- Special rules that apply after emigration, death, or transfer to non-resident beneficiaries
- And more!
Connect with Frankie Loreto and Sarah Netley:
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