How much tax to pay on overseas real-estate rental income ?

[Can10]

I am a non-resident PRC holder and planning to move to Canada for good.

To make my initial years in Canada less difficult financially, I intend to buy 2 apartments overseas, each costing around CAD 80,000. This will earn me a yearly rental of around 8% of the value.

My question is how much tax I will be paying for this global earning?

I shall be grateful for forum friends expert inputs.

 

[Can10]

I heard from a friend that in USA tax on rental earning from overseas property is well below 1%. I could hardly believe this. I actually want to know how much I should invest in real-estate so that a certain amount of fixed net income is generated when I will start living in Canada. This net income would be used to meet a major portion of my monthly living expense.

Appreciate your kind comments.

 

[Can10]

I put up this question on "Skilled Workers / Professional Immigration" section of this forum and got some replies. Please see this link: http://www.canadavisa.com/canada-immigration-discussion-board/how-much-tax-to-pay-on-overseas-realestate-rental-income-t101729.0.html

 

[waleednazeer]

When considering tax obligations on overseas real estate rental income, it's essential to understand the regulations in both your home country and the country where the property is located. For instance, if you own property in DHA Gandhara Islamabad and earn rental income, you must report this income in Pakistan, as it is taxable under local laws. Additionally, if you're a resident taxpayer, you may also have to declare this income in your home country, depending on its tax regulations. Always consult a tax professional to ensure compliance and optimize your tax situation.