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If you live overseas and you own a rental on Ontario and you think you can skip Canadian tax on a rent, listen to this the default rule. Your tenant or your agent has to hold back 25 percent of the gross rent and send it straight to the CRA that's gross before a single expense. No being in another country does not hide you. The CRA has a unit for exactly this, the jokes on them every single time. Here's a fix. Final election called the NRSIX. Get it approved and the 25 percent comes off your net instead after your costs. Then a section 200 and 16 return clause back what was over withheld. This is general information, not tax advice. Partner the Crossbar tax account and set it up right. Follow for more on owing to Ontario rentals from anywhere in the world.

If you live overseas and you own a rental on Ontario and you think you can skip Canadian tax on a rent, listen to this the default rule. Your tenant or your ag…