Canada Tax Agency Issues Updated Guidance on Taxation of Payments to Nonresidents for Services

The Canadian Revenue Agency Oct. 10 issued updated guidance on payments to nonresidents for services provided in Canada, outside of employment. Topics covered include: 1) the availability of internet filing beginning Jan. 13, 2025, for T4A-NR information returns due Feb. 28. 2025, for payments to nonresidents made in 2024; 2) mandatory electronic filing for taxpayers with over five T4A-NR returns of the same type; 3) income tax return filing and payment requirements for nonresident recipients that are individuals, corporations, or partnerships; 4) the requirement for payers to withhold 15 percent from fees, commissions, or other amounts paid to nonresident individuals, ...