International Real Estate Tax Advice and Planning in Downtown Toronto

🏢 International Real Estate Tax Advice and Planning in Downtown Toronto

Your Trusted International Real Estate Tax Advisor for G20 & EU Cross-Border Matters

📍 Toronto Tax Consulting – 401 Bay Street, Suite 1600 & 1 Dundas St W, Suite 2500, Downtown Toronto
📞 Tel: (416) 628-7824 Ext. 2 | 📧 Email: info@torontotaxconsulting.com

Why You Need International Real Estate Tax Advice Across Borders

International Real Estate Tax

Real estate is one of the most complex asset classes in international tax planning. Whether you are acquiring property in Portugal, selling an investment flat in London, renting out a villa in France, or inheriting land in Greece, your exposure to tax consequences under Canadian, foreign, and treaty-based law can be significant.

At Toronto Tax Consulting, we specialize in Real Estate Tax Advice and Planning Downtown Toronto, with a strong emphasis on cross-border property ownership, tax filing obligations, and strategic treaty relief under the OECD Model Tax Convention, Canada’s Income Tax Act, and foreign domestic regimes.

🧭 Our Core Services in International Real Estate Tax Planning

International Real Estate Tax

✅ International Real Estate Tax Planning (G20 & EU Focus)
✅ Tax Treaty Application and Relief Strategies
✅ Rental Income Reporting & Withholding Tax Compliance
✅ Capital Gains Tax Structuring on Disposition of Foreign Property
✅ Principal Residence Exemption for Cross-Border Cases
✅ Foreign Property Inheritance Tax & Estate Planning
✅ FBAR, FATCA, and Form T1135 (CRA)
✅ Pre-Immigration & Post-Emigration Real Estate Structuring
✅ Real Estate Holding Companies – Domestic and Offshore
✅ Non-Resident Tax Returns & Withholding Tax Clearance Certificates (NR4, NR6, T2062)

🧾 International Real Estate Tax Return Preparation – What International Tax Returns We File

International Real Estate Tax

📄 Real Estate Tax Return Preparation – Country-by-Country Compliance

Toronto Tax Consulting prepares and coordinates international tax filings for Canadian residents with foreign real estate and non-residents with Canadian property. We handle compliance with CRA, foreign tax authorities, and apply relevant tax treaties to prevent double taxation.

🇨🇦 Canada

Canadian T1 Return – Reporting worldwide income, including foreign rental income and capital gains.
T776 – Statement of Real Estate Rentals for Canadian and foreign properties.
T1135 – Foreign Income Verification Statement (for foreign real estate > $100,000 CAD).
Departure Returns – Filed when emigrating, reporting deemed dispositions including foreign property.
T2062 / T2062A – Certificate of Compliance for non-resident dispositions of Canadian property.

🇺🇸 United States

Form 1040NR – U.S. Non-Resident Income Tax Return for Canadians with U.S. rental income.
FIRPTA Filings (Forms 8288 & 8288-B) – Required when Canadians sell U.S. real estate (15% withholding).
Schedule E – Reporting rental income for non-residents.
State Returns – For properties in states with income tax (e.g., California Form 540NR).

🇬🇧 United Kingdom

SA100 – UK Self-Assessment for Canadian owners of UK rental properties.
ATED – Annual Tax on Enveloped Dwellings (for properties owned through foreign corporations).
NRCGT – Non-Resident Capital Gains Tax Return (required within 60 days of property sale).

🇫🇷 France

Form 2044/2044-SPE + 2042 – French rental income filings for Canadian residents.
Taxe Foncière – Annual property tax.
Taxe d’Habitation – Occupancy tax where applicable.
Impôt sur le revenu – Capital gains declaration for property sales.

🇩🇪 Germany

Einkommensteuererklärung + Anlage V – Required for rental income from German property.
Grundsteuer – Annual property tax.
Treaty: Canada-Germany Article 6 & 13 – Allocates taxing rights and allows foreign tax credits.

🇵🇹 Portugal

Modelo 3 (IRS) with Annex F/J – Annual filing for rental income by Canadian owners.
IMI (Imposto Municipal sobre Imóveis) – Annual municipal property tax.
NHR (Non-Habitual Resident) regime – Special tax status for new residents.

🇪🇸 Spain

Modelo 210 – For non-resident rental income and capital gains.
Modelo 720 – Annual overseas asset disclosure.
3% Withholding – On property sale by non-residents, reclaimable with final return.

🇮🇹 Italy

Form RW & Redditi PF – Required for foreign owners with rental income or property holdings.
IMU (Municipal Tax) and IVIE (Wealth Tax on Foreign Property).
Succession Tax Returns – For inherited property in Italy.

🇳🇱 Netherlands

Box 3 (Wealth Tax) – Tax on net value of real estate held by foreign investors.
IB Return – For Dutch-source rental income.

🇱🇺 Luxembourg

Income Tax Return – Required for non-resident owners of Luxembourg property.
Municipal Property Tax – Annual.
Used often for holding structures for EU real estate.

🇲🇹 Malta

Property Rental Returns – Filed annually, with 15% flat tax for non-residents.
Stamp Duty & Registration Filings – On acquisitions and transfers.

🇨🇭 Switzerland

Cantonal Tax Returns – For property-specific taxes.
Wealth Tax Reporting – Required even for non-residents owning Swiss property.

🌍 Other EU Jurisdictions

We assist with real estate filings in Austria (E1), Belgium (Code 1106), Greece (E2/E1), Ireland (Form 11), Cyprus (Capital Gains Tax filings), Poland (PIT-39), Romania (Form 200), Czech Republic (DPFO), Hungary (SZJA), Croatia, Bulgaria, Slovakia, Slovenia, Estonia, Latvia, Lithuania—all with treaty-based coordination for Canadian residents.

🌏 Asia-Pacific Real Estate Tax Filings

🇯🇵 Japan

Japanese Income Tax Return – For foreign landlords.
Acquisition and Inheritance Tax Returns – Required on property acquisitions and successions.

🇰🇷 South Korea

Local Real Estate Income Filings – Required for non-resident rental income.
Transfer Tax Returns – Capital gains for foreigners up to 45%.

🇸🇬 Singapore

Annual Property Tax Filings – For rental income.
ABSD (Additional Buyer’s Stamp Duty) – For foreign buyers.

🇭🇰 Hong Kong

Property Tax Return (IR612) – Required for rental income.
Stamp Duty Filings – Upon acquisition.

🇨🇳 China

Individual Income Tax Filings – For foreign owners of Chinese property.
Land Use Taxes – Annual municipal obligations.

🇮🇳 India

ITR-2 – Non-resident income return for property rentals or sales.
Section 195 TDS Withholding – On property sales.

🇦🇺 Australia

CGT Return – Non-residents taxed on property gains.
Annual Property Tax Filings – Required for foreign owners.

🇳🇿 New Zealand

Bright-Line Rule Filings – Capital gains tax for property sold within 10 years.
IRD Property Return – For rental income.

🇲🇾 Malaysia | 🇹🇭 Thailand | 🇻🇳 Vietnam | 🇵🇭 Philippines | 🇮🇩 Indonesia**

Local property and income tax filings coordinated with local advisors; CRA declarations under T776 and T1135 remain mandatory for Canadians.

🌎 Latin American Real Estate Compliance

We also prepare filings and coordinate compliance for properties in:

🇧🇷 Brazil – Local IPTU property tax, capital gains declaration.
🇲🇽 Mexico – ISR withholding and property income filings.
🇦🇷 Argentina – Annual wealth tax and rental reporting for non-residents.

🏛️ How We Help with Cross-Border Filings

International Real Estate Tax

Preparing and filing Canadian returns (T1, T776, T1135)
Coordinating with foreign tax authorities for local returns
Applying treaty relief (Canada + foreign country) to avoid double taxation
Advising on foreign tax credit claims under ITA s. 126
Handling estate, inheritance, and wealth tax implications on real estate

📞 Contact Toronto Tax Consulting – Your Partner in International Real Estate Tax Compliance

Offices: 1 Dundas St. W., Suite 2500 & 401 Bay St., Suite 1600, Downtown Toronto

Tel: (416) 628-7824 Ext. 2

Email: info@torontotaxconsulting.com

🌍 Common International & Cross-Border Real Estate Tax Issues

International Real Estate Tax

💡 Issue 1 – Double Taxation on Real Estate Sales
A Canadian resident sells a Spanish property, triggering capital gains in Spain and again in Canada. We apply Article 13 (Capital Gains) of the Canada-Spain Tax Treaty and compute the foreign tax credit under s. 126 ITA to eliminate double taxation.

💡 Issue 2 – Rental Income from Foreign Property
A client renting out a villa in Tuscany failed to report gross rental income and local Italian taxes paid. We assist in foreign income declaration on Form T776, file backdated returns through the CRA Voluntary Disclosures Program, and support deductibility of expenses incurred abroad.

💡 Issue 3 – U.S. FIRPTA Withholding for Canadians Selling U.S. Property
Canadian owners of Arizona real estate often face 15% FIRPTA withholding. We handle IRS Form 8288-B applications for early refund and coordinate with U.S.-Canada Treaty Article XIII to reduce exposure.

💡 Issue 4 – Non-Resident Canadian Tax Compliance on Canadian Property
Non-resident owners of Toronto condos rented out through Airbnb must file NR4 and NR6 forms, remit 25% tax, and obtain clearance certificates (T2062) before selling to avoid CRA penalties. We handle the entire CRA process from start to finish.

💡 Issue 5 – Using Offshore HoldCos to Hold EU Real Estate
For Australian and Canadian clients investing in German or UK property, we explore the use of Luxembourg or Dutch HoldCos, considering ATAD 3 and OECD Pillar II minimum tax rules. This includes evaluating controlled foreign affiliate rules under s. 95(1) ITA.

🧠 Legal and Compliance References

International Real Estate Tax

📘 Income Tax Act (Canada)

s. 116 ITA – Disposition of taxable Canadian property by non-residents
s. 2(1), s. 115(1)(a) – Canadian-source rental income
s. 126 – Foreign tax credit mechanism
s. 233.3 – Foreign Property Reporting (T1135)

📘 OECD Model Tax Convention (2024 Update)

Article 6 – Income from Immovable Property
Article 13 – Capital Gains
Article 23 – Relief from Double Taxation

📘 Relevant Tax Treaties

Canada-U.S. Tax Convention, Article XIII
Canada-France Tax Treaty
Canada-Germany Tax Treaty
Canada-Italy Tax Treaty
Canada-Portugal Tax Treaty
Canada-UK Tax Treaty

📘 Foreign Laws and Guidelines

FIRPTA (U.S. Internal Revenue Code §897)
ATED (UK Annual Tax on Enveloped Dwellings)
Modelo 720 Spain – Disclosure of overseas property
FATCA/FBAR (U.S. reporting for U.S. persons with foreign accounts)

🛡️ Strategic Planning Services for International Real Estate Advice and Planning

International Real Estate Tax

🔍 Pre-Immigration Planning: Structuring foreign real estate prior to Canadian tax residency
🔄 Departure Tax Planning: Avoiding double taxation when leaving Canada with real estate assets
🏢 Trust and Estate Planning: Gifting or transferring foreign property tax-efficiently to family members
💼 Corporate Real Estate Holding Structures: Canada vs. Luxembourg vs. U.K. vs. Malta
✈️ Non-Resident Ownership of Canadian Real Estate: Compliance, leasing, sale tax mitigation

🧾 Examples of Non Resident Real Estate Tax Advice and Planning

From Your International Real Estate Tax Advisor – Toronto, Canada

International Real Estate Tax

At Toronto Tax Consulting, we offer advanced real estate tax planning and compliance solutions for Canadian residents, non-residents, and corporations with real estate portfolios across Canada and over 40 international jurisdictions, including G20, EU, and Asia-Pacific countries.

🏘️ Structuring the Ownership of Real Estate Holdings

International Real Estate Tax

Optimizing Your Real Estate Structure – Personal, Corporate, Partnership, or Trust

Choosing the right vehicle for real estate ownership can significantly impact your tax outcomes. Whether you are:

An individual investing in a rental condo in Toronto,
A Canadian trust inheriting farmland in Poland,
A U.S. LLC purchasing property in Ontario, or
A holding company owning a luxury villa in Spain,

We provide tax structure advisory tailored to your needs. This includes:

Analysis under s. 96 of the ITA (partnership income)
Use of bare trust arrangements
Planning with Canadian-controlled private corporations (CCPCs)
Use of non-resident corporations with tax treaty protection

We also coordinate with international counsel to manage cross-border disclosure and ownership limitations in countries like France (SCI structures), UK (Ltd/LLP holding), and Singapore (foreign corporate stamp duty implications).

📉 Minimizing or Deferring Tax on Real Estate Gains

International Real Estate Tax

Timing and Planning for Maximum Tax Efficiency

Real estate investors often miss opportunities to reduce taxes due to poor timing or unstructured exits. We advise on:

Timing the sale of Canadian property to offset against other capital losses
Restructuring property portfolios in advance of emigration or immigration
Allocating proceeds and expenses to optimize your marginal tax bracket
Utilizing s. 110.6 capital gains exemption where applicable (e.g., farming or small business real estate)

Example: A Canadian client selling U.S. commercial property was advised to delay disposition until after departure from Canada, thus reducing overall tax exposure using FIRPTA rules (IRC §897) and treaty relief under Article XIII of the Canada-U.S. Tax Treaty.

💸 Maximizing Utilization of Tax Losses on Real Estate

International Real Estate Tax

Strategic Use of Capital and Current Losses

Not all losses are equal. Whether you’ve suffered a market downturn in Berlin, failed to lease a secondary unit in Montreal, or lost money on renovation flipping in Florida, we guide you through:

Carrying forward capital losses under ITA s. 111(1)
Deducting current expenses to reduce real estate income
Reclassifying capital transactions as income losses if applicable
Triggering superficial loss rules intentionally for planning purposes

🔎 Capital Gain vs. Business Income Determination

International Real Estate Tax

Planning Before You Purchase

The difference between capital gains and business income can result in tax rates of 50% vs. 100% inclusion—a critical distinction in tax planning. Before acquiring an investment property:

We conduct a transactional risk analysis based on CRA criteria: intention, frequency, financing, and renovation activity
Analyze the risk of business income assessment (including GST/HST on flipping)
Provide an ROI analysis adjusted for after-tax yield

This is particularly important when purchasing short-term Airbnb rental units, or flipping properties in high-value areas such as Vancouver or London, UK.

🏡 Principal Residence Exemption (PRE) & Change of Use

International Real Estate Tax

Advanced Planning to Protect Your Exemption

Whether you’re moving abroad or converting your home into a rental, the Principal Residence Exemption (PRE) is often misunderstood. We help clients:

Elect under s. 45(2) or 45(3) ITA to defer capital gains
Analyze partial-year use of principal residence rules
Assess risk of deemed disposition on conversion
Address CRA scrutiny on multiple-property declarations

Example: A Toronto-based software engineer accepted a posting in Germany and rented their condo. We filed Form T2091(IND), made the proper election under s. 45(2), and safeguarded their PRE.

🌍 Non-Resident Investment in Canadian Real Estate

International Real Estate Tax

Cross-Border Tax Filing and Compliance for Foreign Investors

We advise non-resident investors from countries such as China, India, Germany, and Brazil on Canadian real estate purchases. Services include:

CRA NR6 filings to remit based on net income
Annual NR4 slips for rental income
T2062 and T2062A forms to obtain clearance before selling Canadian real estate
Tax planning in anticipation of 15-25% withholding on sale proceeds
Filing Section 216 returns and final T1 Non-Resident Returns

Example: A French non-resident who sold a Toronto condo relied on our services to reduce 25% gross withholding tax to an actual 10% effective rate through the proper Section 216 filings and T2062 clearance process.

🧳 Canadian Investment in Foreign Real Estate

International Real Estate Tax

Real Estate Tax Planning for Overseas Properties

Canadian tax residents must report worldwide income and foreign property ownership:

Foreign rental income – Reported on T776, converted to CAD
Foreign capital gains – Declared using CRA’s prescribed exchange rates
Form T1135 – Required if the cost base of all foreign properties exceeds $100,000
Foreign tax credits – Claimed under ITA s. 126 for income taxes paid abroad
Compliance with local laws: Modelo 720 (Spain), Form RW (Italy), SA100 (UK), Form 2044 (France)

We coordinate cross-border filings with local tax counsel in 40+ countries to ensure you’re compliant in both jurisdictions.

🔐 Creditor Proofing Real Estate Holdings

International Real Estate Tax

Protecting Your Investment From Future Liabilities

For investors and professionals with high liability exposure, we offer:

Trust structuring under Canadian common law
Real estate holding through nominee corporations or bare trusts
Cross-border consideration of asset protection trusts (APT) in Bahamas, BVI, or Cook Islands
Integration with domestic prenuptial agreements, shareholder agreements, and creditor-proofing clauses

These structures are evaluated in context of the Fraudulent Conveyances Act (Ontario) and equivalent foreign asset protection laws.

🌍 Jurisdictions We Serve – International Real Estate Tax Across G20, EU, and Asia-Pacific

International Real Estate Tax

🇨🇦 Canada – Non-resident tax compliance, rental income, T2062
🇺🇸 United States – FIRPTA, Form 8288, 1040NR, real estate trusts
🇬🇧 United Kingdom – ATED, CGT, SDLT, HMRC disclosures
🇫🇷 France – Taxe foncière, Taxe d’habitation, impôt sur le revenu
🇩🇪 Germany – Rental reporting (Einkommensteuer), speculation period, municipal taxes
🇮🇹 Italy – IMU, Cedolare Secca, overseas disclosure under IVIE
🇪🇸 Spain – Modelo 210, Modelo 720, non-resident tax, inheritance
🇵🇹 Portugal – NHR real estate planning, Modelo 3, local capital gains
🇳🇱 Netherlands – Box 3, 30% ruling, mortgage interest deductions
🇱🇺 Luxembourg – Tax optimization through real estate holding structures
🇲🇹 Malta – Property held in trust or IIP planning structures
🇨🇭Switzerland – Cantonal property taxes and wealth disclosure
🇧🇪 Belgium, 🇸🇪 Sweden, 🇩🇰 Denmark, 🇳🇴 Norway, 🇫🇮 Finland, 🇦🇹 Austria, 🇭🇺 Hungary, 🇨🇿 Czechia, 🇵🇱 Poland, 🇷🇴 Romania, 🇸🇰 Slovakia, 🇮🇪 Ireland, 🇬🇷 Greece, 🇨🇾 Cyprus, 🇭🇷 Croatia, 🇧🇬 Bulgaria, 🇸🇮 Slovenia, 🇪🇪 Estonia, 🇱🇻 Latvia, 🇱🇹 Lithuania

Asia-Pacific Real Estate Compliance:

🇨🇳 China – Restrictions on foreign ownership, local income tax
🇯🇵 Japan – Real estate acquisition tax, inheritance, CGT
🇰🇷 South Korea – Property holding by non-residents, local income tax
🇸🇬 Singapore – ABSD (Additional Buyer’s Stamp Duty), GST on property
🇭🇰 Hong Kong – Stamp Duty, Buyer’s Duty, real estate transfer compliance
🇮🇳 India – Section 195 TDS, capital gains on NRI sales
🇦🇺 Australia – FIRB rules, CGT for non-residents, Main Residence Exemption
🇳🇿 New Zealand – Bright-line rules for property resale
🇮🇩 Indonesia, 🇲🇾 Malaysia, 🇵🇭 Philippines, 🇹🇭 Thailand, 🇻🇳 Vietnam – Real estate tax withholding & land use laws

📚 Case Examples – Real Clients, Real Cross-Border Issues for International Real Estate

International Real Estate Tax

🏠 Selling French Riviera Property
A Toronto couple sold a villa near Nice. We applied the Canada-France Tax Treaty, used the local notaire’s documentation to establish cost base, and mitigated Canadian capital gains tax through s. 126 foreign tax credits.

🏙️ FIRPTA Refund on Florida Condo
A Canadian resident sold a Miami property. We filed Form 8288-B to reduce FIRPTA withholding and applied Article XIII of the Canada-U.S. Treaty for capital gains relief.

🏡 German Rental Reporting & CRA T1135
A Canadian resident earned income from a Berlin apartment. We filed Anlage V (Germany), translated expense reports, and reported income and foreign assets on the T1135 with a CRA Voluntary Disclosure for prior years.

🏚️ Inheriting Property in Italy
A client inherited a vacation home in Florence. We coordinated with an Italian notary and restructured ownership under succession tax rules, advising on IMU and IVIE filings and adjusting Canadian estate declarations accordingly.

🔍 FAQs for International Real Estate Tax

International Real Estate Tax Compliance for the EU, G20 & Asia-Pacific

International Real Estate Tax

🇫🇷 France

Do I need to report French real estate income in Canada?
Yes. If you’re a Canadian resident earning rental income in France, you must file French Form 2044 or 2044-SPE with Form 2042, and declare the income in Canada using Form T776 and T1135. Foreign tax paid can be credited under Article 6 of the Canada-France Tax Treaty and s. 126 ITA.

What are France’s real estate taxes for non-residents?
Expect Taxe Foncière, Taxe d’Habitation (if applicable), and flat 20-30% income tax on rentals, depending on your property value and rental regime.

🇩🇪 Germany

What taxes apply to owning or selling German real estate?
German rental income is taxed locally under Einkommensteuer (Form Anlage V), and capital gains may apply unless held for 10 years (speculative period exemption). Canadian residents must still declare gains and income under T776 and T1135.

Is there a tax treaty between Canada and Germany?
Yes. Under Article 6 and Article 13 of the treaty, Germany has primary taxing rights on German property income and gains; Canada offers foreign tax credit relief.

🇪🇸 Spain

Do I need to file Spanish returns if I rent out my Spanish condo?
Yes. Non-resident landlords must file Modelo 210 quarterly and annually. If you sell, Modelo 210 for capital gains applies, and non-residents face a 3% withholding tax. In Canada, you’ll also need T776, T1135, and possibly T2062 if selling while a non-resident.

How does Canada-Spain tax treaty reduce double taxation?
Article 6 gives Spain taxing rights on rental income; Article 13 allows Spain to tax real estate gains, with Canadian residents claiming a foreign tax credit under s. 126 ITA.

🇮🇹 Italy

What are Italy’s property taxes for Canadian residents?
Expect to pay IMU (municipal tax), IVIE (wealth tax on foreign property), and report rental income on Form RW and Redditi PF. Canadian residents declare the rental income in Canada and report the property under T1135.

Are there penalties for not declaring foreign property in Italy?
Yes. Failure to file Form RW may result in steep fines and criminal exposure under Italy’s anti-evasion laws.

🇵🇹 Portugal

I own a rental apartment in Lisbon—what are my tax filing obligations?
Non-residents must file Modelo 3 with Annex F or J to report rental income. Canadian residents must also declare the income to CRA and may claim foreign tax credits under the Canada-Portugal Tax Treaty.

Does the NHR regime help with property tax?
Portugal’s Non-Habitual Residency regime offers some relief on global income, but real estate is generally taxed in Portugal and subject to reporting in Canada.

🇬🇷 Greece

Do I have to declare Greek property to Canadian tax authorities?
Yes. CRA requires reporting under Form T1135 if value exceeds $100,000. Rental income must be included on your T1 return. In Greece, file E2 and E1 forms to declare income and deductions locally.

Are there Greek property taxes for foreigners?
Yes. ENFIA (property tax) is imposed annually. Rental income is taxed at progressive rates from 15% to 45% for non-residents.

🇬🇧 United Kingdom

I’m selling a London flat held in my name. Do I pay UK tax?
Yes. Even non-residents must file UK NRCGT return (Non-Resident Capital Gains Tax Return) within 60 days of completion. UK tax is generally 18% or 28% depending on gains.

How do I report U.K. rental income to CRA?
Declare rental income via Form T776, and include the asset on T1135. The Canada-U.K. Tax Treaty provides relief under Article 6 and Article 13.

🇳🇱 Netherlands

Is Dutch property income taxable in Canada?
Yes. You must declare net rental income from Dutch real estate in Canada. Dutch income is taxed in Box 3, assuming you are non-Dutch tax resident. Foreign tax credits apply under s. 126 ITA.

🇺🇸 United States

What forms are required when a Canadian sells U.S. real estate?
FIRPTA requires 15% withholding unless you file Form 8288-B. Gains are reported on Form 1040NR, and buyers file Form 8288 and 8288-A.

What are the tax implications for Canadians with U.S. rental property?
You must file Form 1040NR, include a U.S. ITIN, and attach Schedule E to report net income. CRA requires you to report this on your Canadian return and file T1135.

🇦🇺 Australia

What tax applies when I sell property in Australia as a Canadian resident?
You must file an Australian Capital Gains Tax (CGT) return, and if you are a non-resident, you are excluded from the Main Residence Exemption. CRA will also tax the gain, subject to a foreign tax credit under the Canada-Australia Treaty.

🇯🇵 Japan

How is rental income from Japanese real estate taxed?
Rental income is taxed locally under Japanese Income Tax Act, and you must file a local return. Canada requires declaration via Form T776 and T1135.

🇮🇳 India

Do I pay tax in India when selling property as a Canadian resident?
Yes. Non-residents are subject to Section 195 TDS, requiring up to 20% withholding. You must also file an Indian return, and then report the sale to CRA for tax credit purposes.

🇨🇳 China

What tax filings are needed if I own real estate in China?
Foreigners must pay property tax and land use fees. Income is taxed at progressive rates. Reporting is complex due to currency and ownership restrictions. CRA requires Canadian residents to disclose rental income and ownership on Form T1135.

🇸🇬 Singapore

Are there real estate taxes for foreign property owners?
Yes. Expect Additional Buyer’s Stamp Duty (ABSD), Property Tax, and capital gains exemption depending on intent. Rental income must be declared locally and to CRA.

🇭🇰 Hong Kong

Do I need to report a Hong Kong property to CRA?
Yes, if property value exceeds $100,000 CAD. Hong Kong has no capital gains tax, but rental income is taxed at flat rates. Declare rental income in Canada using Form T776.

🇰🇷 South Korea

What is the tax on Korean real estate income for Canadian residents?
Non-residents pay local income tax on rentals and possible transfer tax. Gains are taxed up to 45%. CRA expects full disclosure on T776 and T1135.

🇲🇾 Malaysia | 🇵🇭 Philippines | 🇹🇭 Thailand | 🇻🇳 Vietnam

What are the risks of not reporting Asian property holdings to CRA?
Canadian residents with real estate in these countries often overlook reporting obligations. CRA may assess penalties under s. 233.3 ITA, and failure to declare foreign income or capital gains can trigger reassessments or audits.

🇧🇷 Brazil | 🇦🇷 Argentina | 🇲🇽 Mexico

Are Latin American real estate gains taxed in Canada?
Yes. All worldwide capital gains and rental income must be declared to CRA. Treaties (where applicable) may allow for foreign tax credits.

📞 Speak With an International Real Estate Tax Advisor

International Real Estate Tax

📍 Toronto Tax Consulting – International Real Estate Tax Advice and Planning Downtown Toronto
Serving Canadians with real estate holdings across the G20, EU, Asia-Pacific, and the Americas.

📞 Tel: (416) 628-7824 Ext. 2
📧 Email: info@torontotaxconsulting.com

🗂️ CRA-compliant. Treaty-based. Cross-border focused.

🔎 Questions We Frequently Get for International Real Estate

International Real Estate Tax

What taxes do I pay as a Canadian resident selling property in Europe?
You will owe Canadian capital gains tax, potentially foreign tax, and may require treaty relief.

Do I need to declare foreign rental income to CRA?
Yes. All foreign rental income must be reported. Deductions and tax credits may apply.

How can I reduce FIRPTA withholding as a Canadian selling U.S. real estate?
By applying for a withholding certificate (Form 8288-B) in advance, and relying on treaty benefits.

Should I hold U.K. property in a company or trust?
That depends. ATED, CGT, SDLT and Canadian CFC rules must be analyzed first.

What are the CRA reporting obligations for foreign real estate over $100,000 CAD?
You must file Form T1135 each year, or face penalties up to $2,500+ per year.

📞 Book a Consultation – International Real Estate Tax Advice

International Real Estate Tax

If you own, rent, inherit, or plan to sell real estate across borders, particularly within the G20 or EU, we offer precise legal and tax solutions tailored to your needs.

Toronto Tax Consulting is one of Canada’s leading authorities on international real estate taxation and compliance strategy.

📍 Visit us at 401 Bay Street or 1 Dundas St West, Downtown Toronto
📞 Call us at (416) 628-7824 Ext. 2
📧 Email: info@torontotaxconsulting.com

Toronto Tax Consulting
Real International Real Estate Tax Advice and Planning Downtown Toronto – Cross-Border. Treaty-Based. Compliant.

🌐 Foreign Tax Authorities

International Real Estate Tax

🇨🇦 Canada

Canada Revenue Agency (CRA) – https://www.canada.ca/en/revenue-agency.html

🇺🇸 United States

Internal Revenue Service (IRS) – https://www.irs.gov

🇪🇺 European Union Member States

International Real Estate Tax

Austria (BMF) – https://www.bmf.gv.at
Belgium (SPF Finances) – https://finances.belgium.be
Bulgaria (NRA) – https://nra.bg
Croatia (Porezna uprava) – https://www.porezna-uprava.hr
Cyprus (Tax Department) – https://www.mof.gov.cy
Czech Republic (Financial Administration) – https://www.financnisprava.cz
Denmark (SKAT) – https://www.skat.dk
Estonia (EMTA) – https://www.emta.ee
Finland (Vero Skatt) – https://www.vero.fi
France (DGFiP) – https://www.impots.gouv.fr
Germany (BZSt) – https://www.bzst.de
Greece (AADE) – https://www.aade.gr
Hungary (NAV) – https://nav.gov.hu
Ireland (Revenue Commissioners) – https://www.revenue.ie
Italy (Agenzia delle Entrate) – https://www.agenziaentrate.gov.it
Latvia (VID) – https://www.vid.gov.lv
Lithuania (VMI) – https://www.vmi.lt
Luxembourg (ACD) – https://impotsdirects.public.lu
Malta (Commissioner for Revenue) – https://cfr.gov.mt
Netherlands (Belastingdienst) – https://www.belastingdienst.nl
Poland (KAS) – https://www.podatki.gov.pl
Portugal (Autoridade Tributária e Aduaneira) – https://www.portaldasfinancas.gov.pt
Romania (ANAF) – https://www.anaf.ro
Slovakia (Finančná správa) – https://www.financnasprava.sk
Slovenia (FURS) – https://www.fu.gov.si
Spain (AEAT) – https://www.agenciatributaria.es
Sweden (Skatteverket) – https://www.skatteverket.se

🌍 G20 Non-EU Members

International Real Estate Tax

United Kingdom (HMRC) – https://www.gov.uk/government/organisations/hm-revenue-customs
Australia (ATO) – https://www.ato.gov.au
Brazil (Receita Federal) – https://www.gov.br/receitafederal
Argentina (AFIP) – https://www.afip.gob.ar
India (CBDT/Income Tax Department) – https://www.incometaxindia.gov.in
Indonesia (DJP) – https://www.pajak.go.id
Japan (NTA) – https://www.nta.go.jp
Mexico (SAT) – https://www.sat.gob.mx
Russia (FNS) – https://www.nalog.ru
Saudi Arabia (ZATCA) – https://zatca.gov.sa
South Africa (SARS) – https://www.sars.gov.za
South Korea (NTS) – https://www.nts.go.kr
Turkey (GIB) – https://www.gib.gov.tr

🌏 Key Asia-Pacific Tax Authorities

International Real Estate Tax

Singapore (IRAS) – https://www.iras.gov.sg
Hong Kong (IRD) – https://www.ird.gov.hk
China (STA) – http://www.chinatax.gov.cn
Malaysia (LHDN) – https://www.hasil.gov.my
Thailand (RD) – https://www.rd.go.th
Vietnam (GDT) – https://www.gdt.gov.vn
Philippines (BIR) – https://www.bir.gov.ph
New Zealand (IRD) – https://www.ird.govt.nz

Our Locations – International Real Estate Tax

International Real Estate Tax

🇨🇦Canadian Offices

International Real Estate Tax

Downtown Toronto (Bay & Queen) Toronto Tax Consulting 📍401 Bay St, Suite 1600 Toronto, ON M5H 2Y4 📞 416-628-7824 Ext.2	Downtown Toronto (Yonge & Dundas) Toronto Tax Consulting 📍1 Dundas St W, Suite 2500 Toronto, ON M5G 1Z3 📞 416-628-7824 Ext.2
Downtown Toronto International Tax Advisor Office 📍161 Bay St, 27th Floor Toronto, ON M5J 2S1 📞 1-800-693-5950	Midtown Toronto (Yonge & St.Clair) Toronto Tax Consulting 📍2 St. Clair Ave W, 18th Floor Toronto, ON M4V 1L5 📞 (647) 951-2348 Ext.2
Downtown Toronto (Yonge & Bloor) Toronto Tax Consulting 📍2 Bloor Street West, Suite 700 Toronto, ON M4W 3E2 📞 (647) 951-2013 Ext.2	Etobicoke, ON Etobicoke Tax Consulting 📍3250 Bloor St W, Suite 600 East Tower Etobicoke, ON M8X 2X9 📞 1-800-717-4162 Ext.2
North York, ON (Yonge & Sheppard) North York Tax Consulting 📍4711 Yonge St, 10th Floor Toronto, ON M2N 6K8 📞 416-628-7824	Mississauga, ON (Square One) Mississauga Tax Consulting 📍4 Robert Speck Parkway, Suite 1500 Mississauga, ON L4Z 1S1 📞 1-888-905-7577
Oakville, ON Toronto Tax Consulting 📍2010 Winston Park Dr, Suite 200 Oakville, ON L6H 5R7 📞 1-888-905-7577	Markham, ON Markham Tax Consulting 📍15 Allstate Parkway, Suite 600 Markham, ON L3R 5B4 📞 416-628-7824

🇺🇸 U.S. Offices

International Real Estate Tax

New York, NY Toronto Tax Consulting 📍100 Park Avenue, Suite 1600 New York, NY 10017 📞 646-995-5187	Chicago, IL Toronto Tax Consulting 📍30 S Wacker Dr, Suite 2200 Chicago, IL 60606 📞 1-800-717-4162
Washington, DC Toronto Tax Consulting 📍1200 G St NW, Suite 800 Washington, DC 20005 📞 1-800-693-5950	Pasadena, CA Toronto Tax Consulting 📍Century Square, 155 N Lake Ave, Suite 800 Pasadena, CA 91101 📞 1-800-693-5950
Miami, FL Toronto Tax Consulting 📍201 South Biscayne Boulevard Miami, FL 33131 📞 1-800-693-5950

🇬🇧 European Offices

International Real Estate Tax

London, UK
Toronto Tax Consulting
37th Floor, Canary Wharf, 1 Canada Square
London, E14 5AA, United Kingdom
📞 +44 20 3885 6292