How to Manage Canadian-Source Income as a Non-Resident

💰 Download any of our FREE eBooks available on our website to learn secret tax tips that will help you save more money on taxes: http://madanca.com/free-tax-secrets/ 📌 Timestamps: 0:00 - Intro 0:25 - What does “non-resident” mean for tax purposes? 1:38 - What is Canadian-source income? 2:23 - Withholding tax explained 2:56 - How to reduce taxes on Canadian pensions (NR5 & Section 217) 4:15 - Rental income withholding tax (NR6 & Section 216) 6:12 - How to reduce tax on Canadian dividends (NR301) 6:43 - Interest income and withholding exemptions 7:06 - Employment income & Reg 102 waivers 7:29 - Withholding tax for self-employed non-residents (Reg 105) 8:06 - Selling real estate as a non-resident (Certificate of Compliance & Sec. 116) 8:50 - Tax implications of owning a Canadian corporation as a non-resident 10:08 - Final thoughts & key takeaways 🇨🇦 Non-Resident? Here’s How to Manage Your Canadian Income & Taxes Leaving Canada doesn’t mean you’re done with the CRA. In this essential guide, CPA Allan Madan walks you through how Canadian-source income is taxed after you become a non-resident, and the strategies available to reduce or recover withholding tax on pensions, rental income, dividends, and more. 📝 What You’ll Learn: What qualifies as Canadian-source income The 25% default withholding tax and how to reduce it How to file Forms NR5, NR6, NR301, and Section 216 or 217 returns Tax obligations when selling Canadian real estate as a non-resident Corporate tax implications after changing residency How non-residents are taxed on employment and self-employed income Tips to minimize taxes and increase your cash flow while abroad 📈 Key Topics Covered: CRA non-resident tax rules and definitions Withholding taxes on pensions, property, and dividends Filing requirements for rental income (T1159) Selling real estate and applying for a Certificate of Compliance Corporate tax increases for non-CCPCs Avoiding CRA penalties with proactive planning 🙋‍♂️ Who Should Watch: Canadians who recently left or are planning to leave the country Expats earning passive income from Canadian sources Non-residents with rental properties, investments, or corporations in Canada Professionals working in Canada temporarily Anyone who wants to avoid double taxation and CRA penalties 💡 Takeaway: Understanding your Canadian tax obligations as a non-resident is critical for staying compliant and keeping more of your money. This video gives you practical insights and CRA-approved strategies to manage Canadian-source income wisely after moving abroad. 👤 About Allan Madan, CPA Allan is a Chartered Professional Accountant and founder of Madan Chartered Accountant. With over 20 years of experience, he helps individuals and corporations navigate cross-border tax complexities and reduce their tax burden. 📞 Contact Us for Personalized Non-Resident Tax Help: Website: https://madanca.com/ LinkedIn:   / allan-madan-61b9033   Twitter:   / madan_ca   Facebook:   / madancharteredaccountant   Instagram:   / madanaccounting   📢 Disclaimer: This video is intended for informational purposes only and does not constitute personalized financial or tax advice. Always consult with a qualified tax advisor for your unique situation. Madan Chartered Accountant is not liable for actions taken based on this content. Canadian non-resident tax, Canada source income tax, CRA non-resident guide, Canadian withholding tax explained, non-resident rental income Canada, non-resident pension tax Canada, section 217 CRA, section 216 CRA rental, NR5 form CRA, NR6 CRA rental income, NR301 CRA dividends, CRA withholding tax 25%, real estate tax non-resident Canada, selling property as non-resident Canada, Canadian corporation non-resident, CRA T1 non-resident return, Canadian tax after leaving Canada, Canada departure tax rules, Canada tax treaty explained, self-employed income Canada non-resident, regulation 105 CRA, regulation 102 waiver CRA, CRA certificate of compliance, Canadian tax on CPP for non-residents, tax on dividends for non-residents Canada, CRA interest income rules, non-resident employment income CRA, owning a business in Canada as a non-resident, Madan CPA tax advice, Canadian expat tax tips