英文字典中文字典51ZiDian.com

中文字典辞典英文字典 a b c d e f g h i j k l m n o p q r s t u v w x y z

安装中文字典英文字典辞典工具!

安装中文字典英文字典辞典工具!

Request a comfort letter - Canada. ca
Persons who are considering purchasing real property or a business from a person may also request one This type of letter is different from a request for a clearance certificate A comfort letter applies to the following CRA program accounts: You must send your request for a comfort letter in writing
Delays in getting a s. 116 certificate may necessitate a second CRA . . .
Given that CRA generally will not provide a vendor of taxable Canadian property with a clearance certificate before the remittance deadline specified in s 116(5) (i e , within 30 days of the month end of the acquisition), the vendor typically obtains a CRA comfort letter, which might state:
Non-Resident Seller of Real Estate Buying Home Selling Home BC
CRA will only issue a Comfort Letter if the Seller has submitted an application to their office for the Tax Compliance Certificate The Comfort Letter authorizes the Notary or Lawyer to retain the withheld funds beyond the statutory remittance date without incurring any interest or penalties
CRA Responses to Questions - Isabella Law
CRA practice is to issue comfort letters, to permit real estate transactions to close with a holdback in place in the lawyer’s trust account while a clearance certificate is processed However, the comfort letters do not indicate the rate of holdback, and simply state that the appropriate amount is to be held back
Section 116 Certificates of Compliance: Pandemic Edition
A comfort letter could be requested concurrently with an application for a Certificate
Section 116 – A Case Study - Cadesky Tax
If a comfort letter is issued by the CRA the purchaser can hold the required taxes (25% of the purchase price for non-depreciable TCP and 50% for depreciable TCP) beyond the remittance deadline until the CRA has completed its review of the certificate
How Section 116 of the Income Tax Act Can Affect Your Real Estate . . .
As the Certificate of Compliance may not be available prior to the Remittance Deadline, the non-resident seller may request a ‘comfort letter’ from CRA which will allow the buyer’s lawyer to continue withholding the Holdback Amount in trust beyond the Remittance Deadline, until otherwise instructed by CRA
Selling Canadian Assets: When are s. 116 certificates Wanted and How . . .
This is addressed by filing the T2062 and requesting a comfort letter in advance of the section 116 certificate The comfort letter identifies the amount of tax payable and relieves the purchaser of liability in excess of that amount