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Courses/Tax/Real Estate Tax *

Expert Strategies for Non-Resident & Real Estate

Gain practical knowledge on managing tax obligations for non-residents, from property sales to compliance certificates, and avoid costly mistakes.

Created byNathan Geib
4.6
(127 reviews)
BeginnerUpdated Nov 4, 2024
Expert Strategies for Non-Resident & Real Estate

What You'll Learn

check_circleLearn how to file non-resident tax forms accurately and efficiently.
check_circleUnderstand withholding tax requirements for non-resident real estate sales.
check_circleNavigate principal residence exemptions and common audit triggers.
check_circleImplement best practices to minimize delays and ensure compliance.
check_circleIdentify the steps required to file T2062 and T2062A forms accurately.
check_circleEvaluate the process for obtaining ITNs and dealing with complications.
check_circlePrepare for CRA audits by understanding documentation and evidence requirements.

About This Course

Master the intricacies of non-resident tax filings and real estate transactions with this engaging and informative session from the CPA Small Practitioners' Forum 2024. Led by a seasoned non-resident tax specialist, this course will guide you through the step-by-step process of preparing and submitting tax forms such as T2062 and T1261, understanding withholding requirements, and navigating principal residence exemptions.

Learn practical tips for ensuring compliance and reducing delays, while also avoiding common pitfalls that can trigger audits or penalties. Packed with real-world examples and expert insights, this course will equip you to handle non-resident tax matters confidently and effectively, making you a valuable resource for your clients and firm.

Topics List:

  • Defining Non-Residency and Tax Implications
  • Understanding Principal Residence Exemptions
  • Withholding Tax Rules and Penalties
  • Filing T2062 and T2062A Forms
  • CRA Audits and Compliance Certificate Requirements
  • ITN Applications and Common Challenges
  • Addressing Recaptured Depreciation on Property Sales
  • Handling Rental Income and NR Tax Compliance
  • Navigating the 45(2) and 45(3) Elections
  • Managing Estate and Trust Dispositions
  • Best Practices for Avoiding Delays and Penalties
  • Common Errors and How to Avoid Them
  • Impact of COVID-19 on Non-Resident Tax Compliance
  • Preparing Comprehensive Documentation for CRA
  • Legal Considerations for Non-Resident Real Estate Transactions
  • Understanding Fair Market Value and Appraisal Requirements
  • Strategies for Filing Back Taxes and Penalties
  • Case Studies: Successful Non-Resident Tax Management
  • Working with Legal Representatives and Notaries
  • Cross-Border Tax Considerations and Planning

 

Your Instructors

Nathan Geib
Nathan Geib
menu_book44 courses
star6,833 reviews

The CPA Small Practitioners’ Forum was created to offer an inviting, semi-causal, and easygoing professional development weekend that provides substantial professional development value to small practitioners. All profit earned by the CPA Small Practitioners’ Forum is donated to the Alberta CPA Education Foundation, so you are helping young people in Canada get scholarships for university. All these courses are reviewed by the delegates at the Forum in Banff annually so we have a great lineup that is adjusted every year to keep things relevant to small practitioners. If you work at a public accounting firm in Canada with employees of 1-50 people, you are our target demographic and you should find this course useful.

Julie  Cote
Julie Cote

President at Cabinet Chaise Bleue

Julie Côté is a seasoned professional with extensive experience in the financial services industry. She currently serves as a Senior Manager at BDO Canada, a leading accounting and advisory firm. In this role, Julie specializes in providing tax services, particularly in the areas of mergers and acquisitions, corporate reorganizations, and tax dispute resolution. Her expertise and dedication have made her a valuable asset to BDO Canada and its clients.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.6
Student's Choice
127 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.