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| *The Commerce Journal>>>Canada Taxes |
Revenue Canada is the question. Non resident taxation on sale of business interest or real estate? |
Sale of shares in a business in Canada, I am told will result in the witholding of almost half of the purchase amount and I don't know who to ask for a method of reporting to claim this excessive portion back when I have no Canadian tax ID. Is anyone aware of the process or should I be contacting Revenue Canada or an accountant or an attorney? Thank you for your input. I don't know if they require 1/2 to be withheld but this is the official website. If your question is not already there, the necessary forms and instructions are and you should be able to post a question. http://www.cra.gc.ca Since foreigners don't usually have a social insurance number, you probably only need the forms and instruction guides. If it is too complex, then get a tax preparation service that also does book keeping so that they are familiar with business taxes. hi check this link its good http://buyingandsellingshares.blogspot.c... . |
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