rcmbrown
New Member

I live overseas and sold my Canadian property in 2021. I have a T2062 Certificate of Compliance. Do I need to declare a capital gain on my 2021 tax return? How do I file?

CRA withheld taxes for the certificate already. I'm assuming I can get a refund for overpaying, so want to make sure I fill out my tax forms properly.

Investors and rental owners

Yes, if you earn Canadian income such as pension payments or if you dispose of capital property in Canada, you must file a return to report your Canadian income.

 

If you are a non-resident, you need to file a special tax return – Form 5013-R T1 (Income Tax and Benefit Return for Non-Residents and Deemed Residents of Canada).

 

If you don’t have a social Insurance Number, you need to obtain an Individual Tax Number using Form T1261 (Application for a CRA ITN for Non-Residents). You may have to file additional forms depending on the type of income you earn.

 

 

For more information to assist you with filing your Canadian Tax Return:, please click :
TurboTax Taxation for Non-Residents
TurboTax Canadian Tax Obligations If You Live Outside of Canada

A full guide from Canada Revenue Agency(CRA) Non-Residents and Income Tax 

 

Thank you for choosing TurboTax.