Non-Resident Information At Turn Key Property Management, we have a diversity of clients, which include non-residents of Canada. If you are currently living outside of the country and require a qualified property management company to look after your Canadian investment portfolio, we are glad to help. Our skilled team will guide you through the complexities surrounding the tax implications for your property at an affordable rate of only 6% per month (plus HST).
IF I AM A NON-RESIDENT, WHAT ARE THE TAX IMPLICATIONS? If you are deemed a non resident, we are required to hold back 25% of gross monthly rent and remit it to the CRA. There are ways to minimize this hold back, so either check with a professional accountant or a TKM agent and see how we can help.
MANAGEMENT SERVICES Living out of the country can managing your condo difficult. We provide the following services to assist you while you are abroad. • 24 Hours maintenance line for your tenants • Diligent rental collections • Direct rental deposits into your account • Monthly accounting reports • Complete condominium insurance • Maintenance coordination and follow up • Move-in/ Move-out inspections • Lease renewals • Compliance issues • Tenant inquires/requests • Access to paralegal • Non-resident tax filing • Non-resident agent representation For additional Non-Resident tax implications visit our website. www.turnkeypropertyrentals.com/tax-implications-for-non-residents/
Landlord Guidebook - 11
