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I know it is the same if the UK. If the landlord is not resident and bit registered with tax authorities then tenant or agent must withhold 20% tax from rent.
by mytailorisrich 3y ago
I know it is the same if the UK. If the landlord is not resident and bit registered with tax authorities then tenant or agent must withhold 20% tax from rent.
- dghughes 3y agoOur tax system in Canada is probably based on the UK system.
- cassianoleal 3y agoI had no idea about this. It's so backwards! Does that mean if I'm a tenant I need to keep track of my landlord's residential status? Say I was aware of this regulation. I signed a contract with a landlord who is in fact a UK resident. If my landlord changes his residency without telling me, am I liable for his taxes? Furthermore, how can I actually verify my landlord's residential status in the first place? Is that publicly available information?
- Eddy_Viscosity2 3y agoLooking in to it and yes, if you landlord changes residency you are on the hook for his taxes if he doesn't pay. This is true even it he doesn't tell you, ignorance is not a defense. I think you can verify residency through the tax bureau. But you'd have to do it every month to sure.
- mytailorisrich 3y agoThe taxman always wants to be paid and as they make the law they can go after the easiest target. In this case the money is with the tenant/agent so that's who they go after. Of course the landlord would then owe the money to the tenant if the tenant had to pay out of their own pocket. I also expect that a non resident landlord would usually use an agent, in which case the tenant should be 'safe'.