What should Canadian digital nomads know about tax residency and rental income while living in Thailand?

Question

For the Canadian digital nomads who own a rental property and moved to Thailand: When you moved to Thailand, did you do anything specific to become a "non-resident for tax purposes" of Canada? I'm in Thailand over a year now and am just learning about this 🤦‍♂️ Concerned I may need to pay significant taxes that I didn't expect. 

Eg. I am learning I may need to pay 25% of rent I collected as tax to the government. 

I'm talking with my accountant now about it, but wanted to get others' experiences.

Eg. I am learning I may need to pay 25% of rent I collected as tax to the government.

I'm talking with my accountant now about it, but wanted to get others' experiences.

Ask Thailand · Answer

Canadian digital nomads living in Thailand need to consider their tax residency status as it can significantly impact their tax obligations, particularly concerning rental income from properties in Canada. To be classified as a non-resident for tax purposes, they must declare this status on their tax return to the CRA. Failure to do so may result in having to pay Canadian taxes on rental income collected while living abroad. Discussions among expats highlight the importance of understanding these obligations, and many recommend consulting with tax professionals to maximize deductions and navigate tax laws effectively.

Tim ******** · Answer

You have to still pay tax on rental income in Canada. I was told that the CRA has been cracking down in those that don’t comply.

I used HR Block and they were really helpful. Maximized my deductions: HOA Fees, insurance, property taxes etc to minimize exposure.

John ********* · Answer

No need to worry. If you are paying taxes that means you are earning money.

Randy ****** · Answer

Justine Castro of Canada via Cuba loves to TAX HARD WORKING CANADIANS and buy votes to CHEAT in elections.

Peter ********** · Answer

I don’t know much about Canadian Taxes but have found a (new) group about Thai taxes for expats: [url redacted]

Todd ********* · Answer

You absolutely need to declare non-residency on the following year tax return. After you have established residency in your new country. If you have not done this and been approved by CRA for non-residency, you are fully liable for Canadian taxes as if you were still living there. So yes, you owe 25% or more on all rent collected since you left Canada. [url redacted]

Leo ****** · Answer

Put in invoices for maintenance to the effect of the rent you've earnt...

Michael ******** · Answer

If its anything like UK even non resident you still have to pay tax on money earnt on property in UK

Diane ********** · Answer

Rent cash in hand ✋️

Andrew ***** · Answer

Your questions seems to be addressing citizens of Canada who owned real estate property in Canada, you should ask in a Canadian group instead

For Thailand property, most Thai owners pay on their leasing tax of 12.5% of the yearly collected rent if I remember correctly, 5 years ago

Angy ******** · Answer

the tax on rent is not a new tax but I don't know someone that pay that because they benefit from the fact that immigration office don't share data with tax office. Maybe the same will be for the new taxes but the problem can arrive by data shared from the banks