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Just a quick Note
Rules Governing Non-Canadian Real Estate Owners
Any non-Canadian who intends to purchase Vancouver real estate within Canada and assmeble tenants for rent must file form NR6 prior to receiving the first months rent. This form permits the property owner to remit taxes on their net estimated rental income. Those who do not file this form must remit 25% of their monthly rental income to the government—by the 15th of the next month.
Most realtors recommend filing for this certificate as soon as you accept an offer and are finalizing the close on your property. Avoid paying the 25% government royalty—file early.