Determining if you have resided in Canada for 183 or more days in the past year
Edited
What do you need to know?
You must determine if you have resided in Canada for 183 or more days in the most recent tax year. This is equal to one day more than six months and is used to determine whether or not you are deemed to be a resident of Canada for income tax purposes.
Why does it matter to Ownright?
If you have resided in Canada for less than this period of time, you are considered a non-resident and will be required to obtain a Clearance Certificate from the CRA. If you don’t obtain one, we are required to hold back 25% of the sale price until you do, or 50% where the real estate is a depreciable property (i.e. a building used for rental or business purposes).