NR6 Form

Does anybody have any experience in filing these? We plan on renting out our house once we're in the UAE and from what we hear it's beneficial to submit these. Any help will do!!!

the form is pretty simple. You estimate your rental income and expenses for the year, and CRA will allow your agent incanada to withhold a reduced amount of tax from the rent, instead of the full 25% that is required.

At year-end then you file a "216" return on which you offcially report your rental income and expenses, and determine the exact tax you owe.

Until you f file this NR-6 form, your agent is required to withhold 25% of the rent each month and remit to CRA. Then at year -end, you file the "216" return and get whats owed to you back.

So NR6 is a way of lowering your tax throughout the year.

If you file NR6 and have your monthly tax reduced, and then fail to submit your 216 return in a timely fashion, you will be forced to pay a full 25% tax with no refund possible.

I am a Canadian CGA resident in the UK. I provide Expat tax services to Canadians living abroad. Please check out my website at www.lynch.pro. Please keep me in mind if you are in need of professional tax advice or need help filing your Canadian tax returns.