An individual owning capital property in Canada but a resident for tax purposes of another country is subject to Canadian income tax upon the sale, transfer or deemed disposition of this property. Capital property is immovable land and buildings such as cottages, summer homes or vacant land. The non-resident before they can sell or transfer the property must request an authorization certificate from the tax authorities in Canada before the property can change hands. More...
Debra S. Janoff, B.Sc.
Personal Income Tax Preparation
Peter B. Smith, B.Sc., CPA, Auditor, CGA