Tax on Fixed Asset

[atzquebec]

Hi,

We became PR but not residing in Canada currently. We own couple of properties in our home counytry, but we are not earning any income from them.

After we move permanently to Canada, do we have to pay taxes for properties we own, assuming we are still not earning any income from those at that time ?.

 

[HamiltonApplicant]

Hi,

We became PR but not residing in Canada currently. We own couple of properties in our home counytry, but we are not earning any income from them.

After we move permanently to Canada, do we have to pay taxes for properties we own, assuming we are still not earning any income from those at that time ?.

No

 

[Investocrat]

Hi,

We became PR but not residing in Canada currently. We own couple of properties in our home counytry, but we are not earning any income from them.

After we move permanently to Canada, do we have to pay taxes for properties we own, assuming we are still not earning any income from those at that time ?.

If no income is being received, no taxes are due.

 

[atzquebec]

Thanks.