Housing investment as non resident

[fruitips]

What if I purphase a flat for investment and declare as non resident, is that still necessary to file tax earned outside Canada?

Even if I dont have spouse or child living there, non receiving any benefit from Government.

 

[steaky]

What if I purphase a flat for investment and declare as non resident, is that still necessary to file tax earned outside Canada?

Even if I dont have spouse or child living there, non receiving any benefit from Government.

Yes, you will have to file a non resident tax return:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4144-income-tax-guide-electing-under-section-216-2016.html

 

[HamiltonApplicant]

What if I purphase a flat for investment and declare as non resident, is that still necessary to file tax earned outside Canada?

Even if I dont have spouse or child living there, non receiving any benefit from Government.

I assume your question is " is that still necessary to file income earned outside Canada?" I assume your investment property is outside Canada as well...

If you are a non-resident, you need to report only the income that you earned from Canadian sources.

 

[fruitips]

I am talking about the property investment in Canada.

I assume your question is " is that still necessary to file income earned outside Canada?" I assume your investment property is outside Canada as well...

If you are a non-resident, you need to report only the income that you earned from Canadian sources.

 

[HamiltonApplicant]

I am talking about the property investment in Canada.

If you are non resident and you have a property in Canada that yields income, you should report only that income to CRA.
For example:

• Your income from Canadian property is 10K
• Your income from non Canadian source is 100K
• You report 10K to CRA