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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.
1 Reply

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?

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 

 

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