Form T2062 Request by a Non-resident of Canada for a Certificate of Compliance Related to the Disposition of Taxable Canadian Property - Canada

Form T2062 is used by non-residents of Canada to request a certificate of compliance related to the disposition of taxable Canadian property. This form ensures that the non-resident has met their tax obligations in Canada when selling or transferring property.

The Form T2062 is filed by non-residents of Canada who are disposing of taxable Canadian property.

FAQ

Q: What is Form T2062?A: Form T2062 is a document used by a non-resident of Canada to request a Certificate of Compliance related to the disposition of taxable Canadian property.

Q: Who is required to file Form T2062?A: Non-residents of Canada who have disposed of taxable Canadian property are required to file Form T2062.

Q: What is a Certificate of Compliance?A: A Certificate of Compliance is a document issued by the Canada Revenue Agency (CRA) certifying that the taxpayer has complied with their Canadian tax obligations regarding the disposition of taxable Canadian property.

Q: What is considered taxable Canadian property?A: Taxable Canadian property includes real estate, certain resource properties, certain business interests, and certain shares of Canadian corporations.

Q: What information is required on Form T2062?A: Form T2062 requires information about the taxpayer, the property being disposed of, the purchase price, the sale price, and other details related to the transaction.

Q: What happens after filing Form T2062?A: After filing Form T2062, the CRA will review the information provided and issue a Certificate of Compliance if the taxpayer has complied with their tax obligations.

Q: Why is a Certificate of Compliance important?A: A Certificate of Compliance is important because it confirms that the taxpayer has followed the tax laws related to the disposition of taxable Canadian property and helps to avoid penalties and tax consequences.