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Canada: More time for elections by non-resident individuals

Canada: Time for elections by non-resident individuals

The Canada Revenue Agency (CRA) announced that certain non-resident individuals have more time to make elections for their 2019 tax year.

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Non-resident individuals generally would be required to file by 30 June 2020 a form T1159, Income Tax Return for Electing Under Section 216. Filing this return allows the non-resident individuals to pay Part I tax on their net Canadian-source rental or timber royalty income—instead of paying Part XIII withholding tax on the gross amount. Typically, the return election is due by 30 June 2020.

The CRS announced that these non-resident individuals now have until 1 September 2020 to elect to file form T1159.

Non-residents who elect to include all qualifying Canadian income on a Canadian income tax return and pay tax on this income under Part I (instead of the Part XIII withholding tax) for the 2019 tax year may benefit from this extension of time.

Read a June 2020 report prepared by the KPMG member firm in Canada

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