TY Peak Tax Services Inc.

Non-Resident Tax preparation & Filing

Canadian Non-resident Income Tax Compliance Services

Preparation of Canadian T1 personal emigration income tax returns for taxpayers departing from Canada
Preparation of Canadian income tax returns for non-resident individuals/corporations doing business in Canada
Preparation of elective non-resident tax returns under sections s.216 and s.217 for non-residents 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 NR6 tax forms in withholding taxes for non-residents
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
Representation and Liaison with the Canada Revenue Agency (CRA)
Apply for Compliance Certificate for Non-residdent in Canada

Apply for an ITIN number if they plan to sell the real estate in the current year or to receive a rental income and if they do not have a Social Security Number (SSN). File Form W-7 to get ITIN.
Submit Form W-8ECI to the rental agent or the tenant.
The non-resident homeowner can save from taxes by filing a US income property tax return and including all the applicable property-related expenses.
Report the home sale for the year in which the sale occurred if received Form 1099-S or not meet the requirements for the main home sale exclusion (if there is a taxable gain).
Form 1099-S, “Proceeds from Real Estate Transactions,” is issued by the real estate closing agent.
Report the sale on Form 8949, “Sales and Other Dispositions of Capital Assets” of your federal tax return.

We know that the taxation needs for each family are unique.

Please tell us more about your needs, concerns, and we will give you a quote.

250 Consumers Road, Suite 902, North York, Ontario M2J 4V6, Canada