Canadian Non-Resident Real Estate Tax Strategy

Taxation can be overwhelming and when it comes to non-residents buying real estate in Canada, headaches compound. In this session, I am joined by Ruby Chouhan as we uncover and clarify the grey areas of Canadian tax implications for non-resident Canadians living and working abroad who own, invest, or sell Canadian real estate. Ruby Chouhan is a Global Real Estate & Tax Advisor, Co-Founder & VP of a boutique tax firm assisting Canadian expats across the globe and a licensed real estate broker. As a non-resident of Canada, the tax requirements have evolved and it’s getting harder and harder to understand. Thanks to experts like Ruby who help individuals all over the globe understand their Canadian tax complexities. -------------------------------------- Timestamps: 1:29 – What factors should you consider before declaring that you are a non-resident of Canada? 4:52 – What should you do when moving on to another country, especially owning real estate? 07:21 – What happens if the non-resident of Canada sells the property while moving abroad? 8:00 – What is a Certificate of Compliance Application and why it’s important 10:12 – How to submit Non-Canadian Tax Return to lower the capital gain 10:46 – What if a non-Canadian resident lives remotely while the business is in Canada, do they still need to pay taxes to the country they are living in? 12:27 – What types of GST/HST rebates are available for both residents and non-residents of Canada purchasing pre-construction? 14:24 – How to prepare for the future when leaving Canada -------------------------------------- Ruby Chouhan (www.levelupmortgages.com) 360 Global Tax Professional Corporation 647-321-7829 ruby.chouhan@360globaltax.ca Paul Davidescu (www.levelupmortgages.com) Level Up Mortgages 604-809-3188 paul@levelupmortgages.com See Our Google Reviews in BC & Ontario: https://bit.ly/ViewLUMReviews ⭐️⭐️⭐️⭐️⭐️ Got Mortgage Questions? Trying not to freak out about something that’s stressing you out? We got you 🙋🏽‍♂️🙋‍♀️ +Make sure you covered your blindspots with our First-Time Buyers Manual: https://bit.ly/FTHBGuides + Get immediate answers on your mortgage questions with our FAQ Page 👉https://bit.ly/mortgagefaq + Email me and check out our website: paul(at)levelupmortgages.com | www.levelupmortgages.com 👨🏽‍💻 + Instagram: https://www.instagram.com/levelupyour... + LinkedIn: https://www.linkedin.com/in/pauldavid... + Twitter: https://twitter.com/levelupmortgage + TikTok: https://www.tiktok.com/@levelupmortgages + Blog: https://www.levelupmortgages.com/blog + Subscribe to Level Up Mortgages YouTube Account: http://bit.ly/LevelUpYouTubeSubscribe