Management Of Owners' Tax Obligations
We know that if you are looking for a property manager, beyond your wish for a trusted professional management, it is most likely because:
- You do not have time to manage it by yourself,
- or because you live far from the building,
- or do not know the administrative and fiscal norms related to your rental investment.
Going to the end of this idea leads us to offer you a professional support, thanks to our privileged partnership with a specialized chartered accountant, in the management of tax returns, by becoming your tax correspondent with the Canada Revenue Agency.
The management of these formalities is indeed an important step, not always easy to pass, for both Canadian resident owners and non-resident owners: monthly anticipated payment of the rental income tax, formalities to pay the 25% tax on net rental income and not on gross rental income, discussion and update with Canada Revenue Agency, depreciation option, etc...).
We therefore offer our clients, both residents and non-residents, the option to support them for their tax return associated with their rental income, through our privileged partnership with a specialized chartered accountant,
and to be their interlocutor with the Canada Revenue Agency, and make advance monthly payments on their behalf, in their best interests.