Taxation can be overwhelming and when it comes to nonresidents 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 nonresident Canadians living and working abroad who own, invest, or sell Canadian real estate.

Ruby Chouhan is a Global Real Estate & Tax Advisor, CoFounder & VP of a boutique tax firm assisting Canadian expats across the globe and a licensed real estate broker. As a nonresident 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 nonresident of Canada?
4:52 – What should you do when moving on to another country, especially owning real estate?
07:21 – What happens if the nonresident 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 NonCanadian Tax Return to lower the capital gain
10:46 – What if a nonCanadian 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 nonresidents of Canada purchasing preconstruction?
14:24 – How to prepare for the future when leaving Canada


Ruby Chouhan (www.levelupmortgages.com)
360 Global Tax Professional Corporation
6473217829
[email protected]

Paul Davidescu (www.levelupmortgages.com)
Level Up Mortgages
6048093188
[email protected]

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