๐ T2062A โ Request by a Non-Resident of Canada for a Certificate of Compliance
Form T2062A is required when a non-resident of Canada disposes of certain types of Canadian property and needs a Certificate of Compliance under section 116 of the Income Tax Act. This certificate confirms that the appropriate tax has been reported or paid so that the buyer is not required to withhold the full statutory amount on the sale.
๐ฅ How to Access the Form
- ๐ Accessible fillable PDF โ download and open with Acrobat Reader 10 or later.
- ๐จ Standard print PDF โ print and complete by hand.
- ๐ Alternate formats โ large print, braille, audio or e-text available on request.
๐ When to Use T2062A
Use this form if you are a non-resident selling or proposing to sell:
- โ๏ธ Canadian resource property, such as mining interests.
- ๐ฒ Timber resource property.
- ๐ Canadian real property other than capital property (e.g., rental land/buildings).
- ๐ญ Depreciable taxable Canadian property (property eligible for capital cost allowance).
๐ Relationship With Form T2062
If the property being sold also involves gains on depreciable assets, you may need to file both Form T2062 (report principal gain) and Form T2062A (report recapture of capital cost allowance or terminal loss).
๐ Filing and Compliance Notes
- ๐ The form generally must be filed with the CRA within the allowed timeframe for notification of disposition under section 116 to avoid penalties.
- ๐ When submitted with payment or acceptable security to cover the resulting tax, the CRA will issue a Certificate of Compliance (Form T2068).
- ๐ Supporting documents such as purchase agreements and details of the property should be included.
๐ Tips for Non-Residents
- โ File each disposition separately unless disposing of multiple properties to the same purchaser at once.
- โ If both T2062 and T2062A are needed for the same transaction, file them together to streamline processing.
- โ Missing or incomplete information can delay the issuance of the compliance certificate.
- โ You can submit the form and supporting documents online using CRA secure portals such as My Account or Represent a Client.
