Property abroad
Mar 31st 2014, 2:49 pm
#1
Just Joined
Thread Starter
Joined: Aug 2013
Posts: 29
Property abroad
Hello,
I will be moving soon to Canada. I formerly lived in France and sold my property there in 2013 (this I declared when I applied to become a Permanent Resident).
Recently I have bought 3 properties in Ireland that I am renting out and getting rental income. I will be paying property tay in Ireland and rental income tax.
Am I obliged to declare these properties to the Canadian authorities? Or is there no need to? Is it possible that they would never find out about them if I did not declare them?
Thank you,
Irishlady
I will be moving soon to Canada. I formerly lived in France and sold my property there in 2013 (this I declared when I applied to become a Permanent Resident).
Recently I have bought 3 properties in Ireland that I am renting out and getting rental income. I will be paying property tay in Ireland and rental income tax.
Am I obliged to declare these properties to the Canadian authorities? Or is there no need to? Is it possible that they would never find out about them if I did not declare them?
Thank you,
Irishlady
Mar 31st 2014, 2:53 pm
#2
Joined: Sep 2008
Posts: 12,830
Re: Property abroad
Hello,
I will be moving soon to Canada. I formerly lived in France and sold my property there in 2013 (this I declared when I applied to become a Permanent Resident).
Recently I have bought 3 properties in Ireland that I am renting out and getting rental income. I will be paying property tay in Ireland and rental income tax.
Am I obliged to declare these properties to the Canadian authorities? Or is there no need to? Is it possible that they would never find out about them if I did not declare them?
Thank you,
Irishlady
I will be moving soon to Canada. I formerly lived in France and sold my property there in 2013 (this I declared when I applied to become a Permanent Resident).
Recently I have bought 3 properties in Ireland that I am renting out and getting rental income. I will be paying property tay in Ireland and rental income tax.
Am I obliged to declare these properties to the Canadian authorities? Or is there no need to? Is it possible that they would never find out about them if I did not declare them?
Thank you,
Irishlady
It is possible they will never find out, but do you want to take that chance? Also, if you sell the properties then want to bring the money to Canada, CRA will find out, penalties can be severe for not reporting.
