Form T2062A "Request by a Non-resident of Canada for a Certificate of Compliance Related to the Disposition of Canadian Resource or Timber Resource Property, Canadian Real Property (Other Than Capital Property), or Depreciable Taxable Canadian Property" - Canada

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Download Form T2062A "Request by a Non-resident of Canada for a Certificate of Compliance Related to the Disposition of Canadian Resource or Timber Resource Property, Canadian Real Property (Other Than Capital Property), or Depreciable Taxable Canadian Property" - Canada

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Request by a Non-Resident of Canada for a Certificate of Compliance Related to the Disposition
of Canadian Resource or Timber Resource Property, Canadian Real Property (Other than Capital
Property), or Depreciable Taxable Canadian Property
INSTRUCTIONS – T2062A
All legislative references are to the Canadian Income Tax Act.
When and How to file the Form
Use this form if you are a non-resident of Canada to give notice of the proposed disposition of, or the completed disposition of, Canadian resource property,
Canadian real property (other than capital property), Canadian timber resource property, or depreciable Canadian taxable property. A disposition of taxable
Canadian property includes any interest or option for such property, whether or not the property exists.
Use Form T2062 for the proposed or completed disposition of other taxable Canadian property, including the gain on the disposition of depreciable property.
If both forms T2062A and T2062 are required for a disposition, the forms must be filed together.
If you are reporting a proposed or completed disposition of Canadian resource property, you must also complete Form T2062A, Schedule 1, Disposition of
Canadian Resource Property by Non-Residents.
File a separate T2062A for each disposition or proposed disposition. However, if you are disposing of, or proposing to dispose of, several properties to the
same purchaser at the same time, only one T2062A is required for all the properties. A separate T2062A must be filed by each person indicating an interest
in a joint tenancy, tenancy in common, or co-ownership.
We issue a certificate of compliance after tax is paid or security acceptable to the Minister is submitted. You may have to file a Canadian income tax return
to report the disposition of property listed on this form. Final settlement of the tax liability is made when you file your Canadian income tax return. Failure to
attach the certificate of compliance to your income tax return may result in a delay in processing. For further information related to the filing requirements,
please refer to the CRA website.
Completing the Form
Send this notice along with all supporting documents (see list attached), to the Centre of Expertise (CoE) for the area where the property is located. If there is
more than one property and the properties are located in several areas and more than one CoE is affected, the notification should be sent to the CoE where the
majority of the properties are located. If the property is real property, the CoE is determined based on the property's legal or municipal address. If the property is
shares or assets in a business, the CoE is determined based on the head office address of the corporation whose shares are being disposed of, or where the
business is located. If the property is a capital interest in an estate or a trust (pursuant to the distribution of capital), the CoE is determined by the location of the
trustee. The CoEs are listed on the CRA’s website: canada.ca/cra-non-residents-dispositions.
Vendor Information
Country of residence – Indicate the country where you normally, customarily, or routinely live.
Identification number – Enter the appropriate identification number. This will ensure that security or payment made for tax is credited to the correct account.
Identification numbers must be used when filing your Canadian income tax return and on all correspondence with us.
Social insurance number (SIN)
– applies if an individual was formerly a resident or a deemed resident of Canada.
Individual Tax Number (ITN)
– is a number assigned to a non-resident individual who filed a Canadian income tax return in previous years.
Subsidiary ledger number
– is a number assigned to a non-resident individual who has made a remittance but does not have a Canadian tax
account number.
Business number (BN)
– is a registration number for businesses such as corporations, partnerships, and sole proprietorships.
Trust account number
– is a number assigned to a trust that filed a Canadian income tax return in previous years.
If you do not have a SIN or ITN, please complete Form T1261, Application for a Canada Revenue Agency Individual Tax Number (ITN) for Non-Residents,
available on the Internet at canada.ca/taxes. Include the completed form and supporting documentation with your T2062.
Applying for a BN
Complete Form RC1, Request for a Business Number (BN). Form RC1 and our pamphlet, The Business Number and Your Canada Revenue Agency Accounts,
are available on the Internet at: canada.ca/taxes.
Send the completed RC1 with a copy of the certification of incorporation to the Centre of Expertise where you filed the Form T2062.
Details of property – If a disposition includes more than one property, attach a piece of paper providing the details for each property. All amounts must be in
Canadian dollars.
Property jurisdiction – include the city/municipality, province/territory, and postal code for the street address requested below in "Property description".
Property description – Include the following details:
Depreciable property, real property (other than capital property) and timber resource property – street address, plan number, lot number,
registration number, serial number, and use of property (rental, lease, or business); a written description and the applicable class of asset according to
Schedule ll of the Income Tax Regulations.
Resource property – well or mine location, legal description, and street address.
Gross Proceeds of Disposition
Enter the gross proceeds of disposition from the sale of the property. Enter the vendor’s share of the gross proceeds in Column (1).
Proceeds of disposition (Column 1) and Capital Cost (Column 2)
For dispositions of depreciable property, enter amounts in columns (1) and (2) and enter the lesser of columns (1) and (2) in column (3).
For dispositions of timber resource property and real property (other than capital property), enter the proceeds of disposition in column (1) and in column (3).
T2062A E (18)
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Request by a Non-Resident of Canada for a Certificate of Compliance Related to the Disposition
of Canadian Resource or Timber Resource Property, Canadian Real Property (Other than Capital
Property), or Depreciable Taxable Canadian Property
INSTRUCTIONS – T2062A
All legislative references are to the Canadian Income Tax Act.
When and How to file the Form
Use this form if you are a non-resident of Canada to give notice of the proposed disposition of, or the completed disposition of, Canadian resource property,
Canadian real property (other than capital property), Canadian timber resource property, or depreciable Canadian taxable property. A disposition of taxable
Canadian property includes any interest or option for such property, whether or not the property exists.
Use Form T2062 for the proposed or completed disposition of other taxable Canadian property, including the gain on the disposition of depreciable property.
If both forms T2062A and T2062 are required for a disposition, the forms must be filed together.
If you are reporting a proposed or completed disposition of Canadian resource property, you must also complete Form T2062A, Schedule 1, Disposition of
Canadian Resource Property by Non-Residents.
File a separate T2062A for each disposition or proposed disposition. However, if you are disposing of, or proposing to dispose of, several properties to the
same purchaser at the same time, only one T2062A is required for all the properties. A separate T2062A must be filed by each person indicating an interest
in a joint tenancy, tenancy in common, or co-ownership.
We issue a certificate of compliance after tax is paid or security acceptable to the Minister is submitted. You may have to file a Canadian income tax return
to report the disposition of property listed on this form. Final settlement of the tax liability is made when you file your Canadian income tax return. Failure to
attach the certificate of compliance to your income tax return may result in a delay in processing. For further information related to the filing requirements,
please refer to the CRA website.
Completing the Form
Send this notice along with all supporting documents (see list attached), to the Centre of Expertise (CoE) for the area where the property is located. If there is
more than one property and the properties are located in several areas and more than one CoE is affected, the notification should be sent to the CoE where the
majority of the properties are located. If the property is real property, the CoE is determined based on the property's legal or municipal address. If the property is
shares or assets in a business, the CoE is determined based on the head office address of the corporation whose shares are being disposed of, or where the
business is located. If the property is a capital interest in an estate or a trust (pursuant to the distribution of capital), the CoE is determined by the location of the
trustee. The CoEs are listed on the CRA’s website: canada.ca/cra-non-residents-dispositions.
Vendor Information
Country of residence – Indicate the country where you normally, customarily, or routinely live.
Identification number – Enter the appropriate identification number. This will ensure that security or payment made for tax is credited to the correct account.
Identification numbers must be used when filing your Canadian income tax return and on all correspondence with us.
Social insurance number (SIN)
– applies if an individual was formerly a resident or a deemed resident of Canada.
Individual Tax Number (ITN)
– is a number assigned to a non-resident individual who filed a Canadian income tax return in previous years.
Subsidiary ledger number
– is a number assigned to a non-resident individual who has made a remittance but does not have a Canadian tax
account number.
Business number (BN)
– is a registration number for businesses such as corporations, partnerships, and sole proprietorships.
Trust account number
– is a number assigned to a trust that filed a Canadian income tax return in previous years.
If you do not have a SIN or ITN, please complete Form T1261, Application for a Canada Revenue Agency Individual Tax Number (ITN) for Non-Residents,
available on the Internet at canada.ca/taxes. Include the completed form and supporting documentation with your T2062.
Applying for a BN
Complete Form RC1, Request for a Business Number (BN). Form RC1 and our pamphlet, The Business Number and Your Canada Revenue Agency Accounts,
are available on the Internet at: canada.ca/taxes.
Send the completed RC1 with a copy of the certification of incorporation to the Centre of Expertise where you filed the Form T2062.
Details of property – If a disposition includes more than one property, attach a piece of paper providing the details for each property. All amounts must be in
Canadian dollars.
Property jurisdiction – include the city/municipality, province/territory, and postal code for the street address requested below in "Property description".
Property description – Include the following details:
Depreciable property, real property (other than capital property) and timber resource property – street address, plan number, lot number,
registration number, serial number, and use of property (rental, lease, or business); a written description and the applicable class of asset according to
Schedule ll of the Income Tax Regulations.
Resource property – well or mine location, legal description, and street address.
Gross Proceeds of Disposition
Enter the gross proceeds of disposition from the sale of the property. Enter the vendor’s share of the gross proceeds in Column (1).
Proceeds of disposition (Column 1) and Capital Cost (Column 2)
For dispositions of depreciable property, enter amounts in columns (1) and (2) and enter the lesser of columns (1) and (2) in column (3).
For dispositions of timber resource property and real property (other than capital property), enter the proceeds of disposition in column (1) and in column (3).
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Undepreciated capital cost or cost amount (Column 4)
For dispositions of depreciable property and timber resource property, use the undepreciated capital cost. For dispositions of real property (other than capital
property), use the cost amount.
Exemption (Column 6)
If you are claiming an exemption from tax, such as under a tax treaty or a principal residence exemption, enter the exempt portion in column (6). If the amount
claimed is pursuant to a tax treaty, the vendor has to certify that they are resident in the stated country of residence and, if the tax treaty contains a limitation
on benefits provision (e.g., Article XXIX A of the Canada – US treaty) the vendor has to provide written certification that they meet the requirements of the
provision in relation to the property described in this form. Please attach a note detailing any calculations involved in determining the exemption amount.
Note: You cannot claim outlays and expenses related to the disposition of property, including real estate commissions, brokerage fees, and legal and notary
fees, when you file this form. However, you can claim these amounts when you file your Canadian income tax return.
Certification
This area should be completed and signed by:
the vendor in the case of an individual;
an authorized officer in the case of a corporation;
the trustee, executor or administrator if the person is filing the statement for a trust; or
an authorized partner in the case of a partnership.
More information
You can get information about residency status in Canada from Interpretation Bulletin S5-F1-CI: Determining an Individual’s residence status, or by contacting
our general enquiries line as follows: From inside Canada or the United States 1-800-959-8281 (for non-resident individuals and trusts) or 1-800-959-5525 (for
non-resident corporations), From outside Canada or the United States 613-940-8495 (for non-resident individuals and trusts) or 613-940-8497 (for non-resident
corporations). You can also visit our website at canada.ca/taxes.
You can also get information from:
Information Circular:
IC72-17 – Procedures Concerning the Disposition of Taxable Canadian Property by Non-Residents of Canada – Section 116
Interpretation bulletins: IT-176 – Taxable Canadian Property – Interests in and Options on Real Property and Shares
IT-419 – Meaning of Arm's Length
Guide:
T4058 – Non-Residents and Income Tax
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Supporting Document List
When you send us your completed Form T2062A, you must attach supporting documents so we can process your request. To help you, we have provided the
following reference list. You can tick (✓) the boxes that apply to you.
Transactions
Sale of partnership property
Sale of depreciable property
If you sell partnership property, include copies of:
the sales agreement (actual disposition);
If you sell depreciable property, include copies of:
the listing of partners (including their names, addresses, Canadian
the sales agreement (actual disposition);
identification number, percentage ownership and each partner's portion
the capital cost allowance (CCA) schedules for all years;
of payment;
documentation to support the cost amount and capital cost;
the partnership agreement; and
a completed Form T2062, Request by a Non-Resident of Canada for a
the offer to purchase (proposed disposition).
Certificate of Compliance Related to the Disposition of Taxable
Canadian Property; and
Partnership interest
the offer to purchase (proposed disposition).
If the property is a partnership interest, include:
Rental Property
a calculation of the ACB;
If you sell rental property, include:
a copy of the partnership capital account balance; and
documentation to support the allocation between land and building;
the purchase agreement (if interest was originally acquired from
documents to support subsection 21(1) and (3) elections regarding
another partnership).
capitalization of interest.
Partnership residual interest
Leases
If the property is a partnership residual interest, include a copy of:
If you grant an interest in property, or dispose of an interest in property,
a calculation of the ACB.
include copies of:
the right of-way agreement;
Partnership continuing income right
the surface lease agreement; or
If the property is a continuing income right, include:
the leasehold interest agreement.
the calculation of the ACB; and
documents to support the partner's share of income.
Vendor takes back mortgage
Tax Treaty Exemptions
If the vendor takes back the mortgage, include:
If you are claiming an exemption under a tax treaty, you have to give us
a copy of the mortgage agreement.
proof of residency.
The vendor has to provide sufficient information to establish that they met
Mortgage foreclosures and power of sale
the requirement of the treaty and that they are eligible for tax treaty
benefits under the treaty. In this regard, the vendor should complete and
If the transaction is a result of a mortgage foreclosure or power of sale,
submit Form NR301, Declaration of eligibility for benefits under a tax
include copies of:
treaty for a non-resident taxpayer, Form NR302, Declaration of eligibility
the power of sale or court order; and
for benefits under a tax treaty for a partnership with non-resident
the mortgage agreement.
partners, Form NR303, Declaration of eligibility for benefits under a tax
treaty under a hybrid entity, or equivalent information. For partnerships
and hybrid entities, each partner or member in respect of whom treaty
Sale of Canadian resource property
benefits are claimed must provide a summary declaration to the CRA as
If you sell Canadian resource property, include copies of:
indicated below.
the petroleum and natural gas lease;
Individuals should include:
the offer to purchase and conveyance agreement;
copies of their most recent income tax returns from the treaty country; and
Form T2062A, Schedule 1, Disposition of Canadian resource property
a letter from the tax authority in the treaty country confirming their
by non-residents;
residency status.
documents to support pool balances;
the sales agreement (actual disposition); and
Corporations should include:
the purchase agreement (when property was acquired).
a copy of their charter;
a letter from the tax authority in the treaty country confirming their
Sale of Canadian timber resource property
residency status; and
If you sell timber resource property, include copies of:
copies of their most recent income tax returns from the treaty country.
the CCA schedules for all years;
documents to support any revenue received (e.g., logging contract,
Hybrid entities should include:
payments from sawmills);
complete and submit NR303, Declaration of eligibility for benefits under
your Canadian income tax returns for the last three years;
a tax treaty for hybrid entity, and Worksheet B or equivalent
the offer to purchase (proposed disposition);
information; or
the sales agreement (actual disposition);
proof of the election to be taxed as a corporation.
the purchase agreement (when property was acquired); and
Note: A treaty exemption can only be claimed on the portion of income
the calculation of the ACB.
derived by residents of the United States who are entitled to treaty
benefits under paragraph 6 of Article IV of the Canada – United States
tax treaty and to whom paragraph 7 of the same article does not apply.
These persons must also meet the limitation on benefits provision of
Article XXIX A.
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Trusts and estates
Partnerships should include:
Complete and submit NR302, Declaration of eligibility for benefits
If the vendor is a trust or estate, include the following information as well as
under a tax treaty for a partnership with non-resident persons; or
documents related to the transaction:
proof of the election to be taxed as a corporation.
name and address of the trustee, executor, administrator, or other
representative of the trust or estate;
proof of residency of the trustee, executor, administrator, or other
Trusts and estates should include:
representative of the trust or estate;
a copy of the trust agreement, indenture, or will; and
list of beneficiaries and their residences;
a letter from the tax authority in the treaty country confirming the trust's
the trust or estate's country of residence; and
residency status;
copies of the most recent income tax returns from the treaty country.
disclosure that a trust is a party to the transaction.
Charities and non-profit organizations
Fresh start rule
If the vendor is a charity or non-profit organization, include the following
If you are claiming an exemption under the Canada-US Tax Convention,
information as well as specific documents related to the transaction:
Article XIII paragraph 9 (Fresh Start Rule), include:
proof that the organization is registered as a charity for tax purposes in
proof that you were a continuous resident of the United States from
the country of residence.
September 26, 1980, to the date of sale;
the value of the property on December 31, 1971 (for property acquired
Joint tenancy, tenancy in common, or co-ownership
before January 1, 1972);
If the vendor is a member of a joint tenancy, tenancy in common, or
the calculation of the exempt portion of the gain accrued to
co-ownership, include the following information as well as specific
December 31, 1984; or
documents related to the transaction:
an appraisal report for the fair market value of the property on
a list of names and addresses of all members; and
December 31, 1984.
the percentage of ownership of each member.
Non arm's length transactions
If the transaction is between non arm's length parties, include:
Elections
an appraisal report determining the fair-market value of the property at
If you previously made an election on the property, include a copy of the
the time of disposition; or
election form such as:
a letter of opinion from an appraiser or agent.
Form T2061A, Election by an Emigrant to Report Deemed Dispositions
of Taxable Canadian Property and Any Resulting Capital Gain or Loss.
Electing under subsection 45(2), deems the change in use from
Gift of property
personal to income producing not to have occurred.
If the transaction is a gift of property, include:
Electing under subsection 45(3), deems the change in use from
a copy of the transfer deed.
income producing to personal not to have occurred.
Note: If there was a change in use and no election was made, provide the
Section 85 elections (rollovers)
fair market value of the property at the time the change occurred.
If a section 85 election is made on the transaction, include a copy of:
a Form T2057, Election on Disposition of Property by a Taxpayer to a
Payment of tax or security
Taxable Canadian Corporation; or
If you are making a payment of tax, include:
a Form T2058, Election on Disposition of Property by a Partnership to
the trust cheque, certified cheque, bank draft, or money order;
a Taxable Canadian Corporation; and
the bank guarantee; or
all supporting documents including variations, appraisals, and
calculations showing how the agreed amounts were determined.
proof that acceptable security has been provided to the Minister.
Corporate reorganization
If the transaction is a result of a corporate reorganization, include:
copies of documents explaining the reorganization;
a list of steps involved in the reorganization; and
a corporate organization chart.
Deemed dividends – section 212.1 or subsection 84(3)
If a section 212.1 or subsection 84(3) deemed dividend results from the
transaction, include the calculation of the:
deemed dividend or paid-up capital reduction;
tax paid up capital; and
non-resident tax account number.
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Request by a Non-Resident of Canada for a Certificate of Compliance Related to the Disposition
of Canadian Resource or Timber Resource Property, Canadian Real Property (Other than Capital
Property), or Depreciable Taxable Canadian Property
Note: The information you provide on this form is collected under the authority of the Income Tax Act (ITA) and is protected by the provisions of the Privacy Act.
It is used to process requests for certificates of compliance under section 116 of the ITA and is retained in information bank number CRA-OPPU 111.
Vendor (non-resident)
Corporation
Trust
Partnership
Individual
Business number
Trust account number
Social insurance, individual tax, or subsidiary ledger number
Date of birth
Date of departure from Canada
Last name (print)
First name and initial (print)
(if applicable)
YYYY
MM
DD
YYYY
MM
DD
Present address
Telephone number
Country of residence (see the instructions on page 1)
Fax number
Representative name
Telephone number
Representative address
Fax number
Check the box where correspondence is to be sent (if no box is ticked, correspondence will be sent to vendor)
Vendor
Representative
Purchaser
Last name (print)
First name and initial (print)
Telephone number
Present address
Fax number
Representative name
Telephone number
Representative address
Fax number
Check the box where correspondence is to be sent (if no box is ticked, correspondence will be sent to purchaser)
Purchaser
Representative
Details of property (see the instructions on page 1 for more information)
Depreciable
Real property (other than capital property)
Canadian resource property
Timber resource property
property
YYYY
MM
DD
YYYY
MM
DD
Date of proposed or completed disposition
Vendor's acquisition date
Property jurisdiction
City/Municipality
Province/territory
Postal code
Property Description
Gross proceeds of disposition. Tick the box that applies to you
Proposed disposition
Completed disposition
(3)
(4)
(5)
(7)
(1)
(2)
Lesser of
Undepreciated
Income or (loss)
(6)
Net Income or (loss)
Proceeds of Disposition
Capital Cost
Column (1) and
Capital Cost or Cost
Column (3) minus
Exemptions
Column (5) minus
column (2)
Amount
column (4)
column (6)
$
$
$
$
$
$
$
Payment of tax. Enter Part 1 federal tax on net income.
$
(For resource property, enter the amount from line (H) of Form T2062A, Schedule1.)
(Vous pouvez obtenir ce formulaire en français à canada.ca/arc-formulaires.)
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