CoPR and Non-Resident Speculation Tax
- Thread starter hp_momusu
- Start date
I am also interested in the answer to this - NRST rules are somewhat unfair on long term (non-PR) residents in the GTA.
COPR is just a stamp...ur PR is not established until until to activate ur PR... by appointment or by going to border. .. Until PR is not established... u r a foreign national.. COPR is just a stamp which u need to activate your PR status... FYI i have applied for my citizenship... so you get the idea.. been through process enough
I believe you are referring to outland PR applications. Currently, the majority of PR applications being approved are inland and so the process is different.
https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=797&top=10.
i did say activate it by appointment..
https://www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/service-delivery/coronavirus/permanent-residence.html#approved_permanent_residence.. Read this as well.
NO matter what COPR does not equal to PR..
activation new rule : https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/pr-confirmation-portal.html
if you have activated your PR.. then ur PR..
i did say activate it by appointment..
https://www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/service-delivery/coronavirus/permanent-residence.html#approved_permanent_residence.. Read this as well.
NO matter what COPR does not equal to PR..
activation new rule : https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/pr-confirmation-portal.html
if you have activated your PR.. then ur PR..
The link you provided contradicts what you are writing. I'm just mentioning this for other people reading this as I do not want them to be misled with incorrect information.
The second link you provided:
https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/pr-confirmation-portal.html
States that COPR and proof of PR status is provided through the portal. The PR card is simply an identification card that is provided later.
The second link you provided:
https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/pr-confirmation-portal.html
States that COPR and proof of PR status is provided through the portal. The PR card is simply an identification card that is provided later.
Yea... don bother PR card... using COPR you activated your PR using that portal. Now you have activated your Permanent residency.
COPR is a document which leads to PR (activation) . COPR does not mean you are PR until to activate your residency
COPR is a document which leads to PR (activation) . COPR does not mean you are PR until to activate your residency
@james123459 you are getting confused between PR and PR card. to different aspects. PR card is just symbolic representation plus more a travel doc TBH. There are many people who have COPR but cannot land because of covid , but they are not called Permanent residents until they land.
Similarly for inland until you go to that portal and activate your PR using COPR, you are not a PR.
Similarly for inland until you go to that portal and activate your PR using COPR, you are not a PR.
Work with a RE salesperson. You can negotiate a purchase contract that has rental portion before taking official possession maybe 2-3 months later that will allows you to obtain your Social Insurance number and land as PR so no worry about NRST. I did it quite often before.
Yeah I talked with my lawyer and real estate agent. My lawyer is quite sure that I am subject to NRST when I close the deal if I am just holding my CoPR and have not landed yet, but can claim it back after I land. So my agent suggested us to put an offer maybe 1-2 months prior we arrive Canada, negotiate a 90 days closing period. Then we close the deal and sign the agreement after we land Canada. In that case, we have activated our PR status and will not be subject to NRST.
What do you guys think about the suggestion? Is there a risk that I will still be subject to NRST because I will be still waiting for my PR card? Not sure if the lawyer will need me to provide any proof for my PR status.
What do you guys think about the suggestion? Is there a risk that I will still be subject to NRST because I will be still waiting for my PR card? Not sure if the lawyer will need me to provide any proof for my PR status.
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Yes we are one of those who have CoPR but cannot land because of COVID. My lawyer also said we are not PR yet, so if we remotely close the deal before we land, we will be subject to NRST
Just to clarify, once you have landed you do not need to pay the tax? Even before you receive your PR card?
That’s something I want to clarify too. My agent and mortgage specialist told me no. My lawyer does not 100% assure me no. So I am not sure if it will be better for me to wait for my PR card first.