Non-Resident Property Management

We Offer Non-Resident Services in Toronto to Help You Navigate a Foreign Real Estate Market

We’ll keep you in the loop! With our management reporting system, you get detailed monthly and annual financial reports, with user-friendly breakdowns so you can stay informed about your investment.

The reality is that the Toronto real estate market is one of the fastest-growing in the world. It’s also one of the most competitive and difficult to navigate. Thankfully, we’re experts.

With 25 + years of experience buying and selling here, we know the turf. We’ll find you the investment, secure the deal, find you A+ tenants, and then manage the property for you. We know that buying an investment property in Ontario can be confusing, and we’re here to make things more clear.

Property Management Toronto offers non-resident services in Toronto to help you navigate a foreign real estate market and Ontario’s often confusing tax laws.

Buying Property in Canada as a Non-Resident

Apply for an individual tax number

If you don’t have a SIN number and would like to buy a property in Canada, you will need to apply for an individual tax number with the Canadian Revenue Agency (CRA).

Open a non-resident tax account with the CRA

When you work with Property Management Toronto, we will open a non-resident tax account with the CRA on your behalf.

Pay 25% withholding tax by 15th day
 of each month

As a property manager, Property Management Toronto can open a non-resident account on the behalf of the holder, remitting the monthly withholding tax.

NR4 SLIP

An NR4 slip outlines a property owner’s total revenues collected and withheld, and tax remitted during the year. You can request an Nr4 from the CRA yourself, but this will take much longer than if you work with a property management company like Property Management Toronto who can outline this slip for you faster, and more efficiently.

The NR4 slip can be used to file your annual tax return net of any expenses associated with your rental property. This will lower your final tax liability, or can provide you with a refund on some of the withholding tax already paid.

Renting a Property You Own in Canada

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Our customers love us! We pride ourselves on our unmatched commitment to customer service.

Our Frequently Asked Questions

Let us handle your landlord property management needs. Still have questions?

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Can I buy property in Canada as a non-resident?

By going through the right channels and working with an experienced property management company like Property Management Toronto, non-residents can strategically invest in revenue properties in Canada.

How can you buy an investment property as a non-resident in Toronto?

As a non-resident, we can help you buy an investment property in Toronto. We will open an account under your name with the Canadian Revenue Agency and deposit 25 percent of rental revenue in an account on a monthly basis according to CRA rules and regulations.

At the end of the financial year, you’ll get an NR4 Slip so that you can process income tax on your rental revenue. It’s that easy.