Summary
Budget 2026 proposes cutting the purchaser withholding on non-residents' dispositions of taxable Canadian property from 25% to 15% for capital property, and from 50% to 30% for specified property such as inventory real estate. Tax-deferred section 85 rollovers would be exempt if CRA is notified within 30 days. The changes would apply from 1 January 2027.
What it means for you
NRIs and foreign companies selling Canadian real estate or shares would have less cash withheld at closing on sales from 2027.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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