Vancouver property management for non residents

  • 8 years ago
  • 1

When you specialize in providing luxury property management services for West Vancouver rental houses, North Vancouver houses for rent, Vancouver rental homes and Vancouver furnished condos you are going to come across many, many landlords who are non residents. Handling these types of transactions is much more labor intensive than your normal transactions because 25% of the rent collected MUST be submitted to the CRA each month on behalf of the landlord to account for potential tax liability.

The property management client may qualify for a partial or total refund of this money that was collected once they file their year end taxes but contact your local account for tax advice and your local Vancouver property management professional for assistance on what the next steps are. CRA link below

http://www.cra-arc.gc.ca/tx/nnrsdnts/cmmn/rntl

 

 

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