Canadian Real Estate Tax

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Non-Resident Beneficiaries? Here’s Where Estate Taxes Get Complicated (Ep. 32)

By FromTheSource | October 9, 2025

What happens when an estate includes non-resident beneficiaries or is managed by a non-resident executor?

In this follow-up to their previous episode on non-resident property owners, Frankie and Sarah welcome Baker Tilly Ottawa partner Julianne McLaren for a deep dive into the lesser-known tax implications of estate distributions involving non-residents.

From T2062 forms and treaty exemptions to CRA penalties and misunderstood clearance rules, this episode breaks down complex requirements in plain language. If you’re a lawyer, accountant, or executor overseeing an estate with Canadian real estate and beneficiaries abroad, this is a conversation you can’t afford to miss.

What to expect:

When estate distributions trigger CRA filing obligations
The difference between T2062 and T2062C forms
Why some distributions are considered “dispositions” for tax purposes
How tax treaties with countries like the U.S. may affect your filing requirements
And more!

Previous Episode of Interest:

What Non-Residents Need to Know Before Selling Canadian Property (Ep. 31)

Connect with Frankie Loreto and Sarah Netley:

Connect with Julianne McLaren:

About Our Guest:

Julianne graduated from the University of Ottawa with a Bachelor of Commerce with Specialization in Accounting (Honours) in 2006, received her Canadian CA designation in 2008, and her US CPA designation in 2010. Julianne completed the CICA In-Depth Tax Course I in 2009, Tax Course II in 2010, and Tax Course III (Reorganization) in 2013.

As a tax partner with over 15 years of experience, Julianne provides income tax and financial planning advice to individuals, proprietorship,s and owner-managed corporations and specializes in both trust and estate taxation and cross-border taxation. She provides a proactive approach to serving her clients and can provide a wide range of taxation services.

Julianne is also a key member of our firm’s recruiting team, attending and coordinating events, conducting interviews with candidates, and participating in hiring decisions.

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Selling Your Home in Canada? Don’t Get Burned by the New CRA Rules (Ep. 29)

By FromTheSource | August 14, 2025

It’s summer in Canada, and while the weather heats up, so does the real estate market.

But did you know selling your home too soon could trigger a surprise tax bill?

In this episode of From the Source, Frankie Loreto and Sarah Netley break down the CRA’s flipped property rules that took effect in 2023 and how they affect homeowners, real estate investors, and anyone selling property in Canada.

From misunderstood exemptions to the difference between capital gains and business income, this episode clarifies what truly constitutes a principal residence and what doesn’t. With relatable examples ranging from quick flips to new builds, they explore what it means to “ordinarily inhabit” a home and how timing, intent, and even TV shows like Love It or List It have shaped public perception (and CRA policy).

What to Expect:

What qualifies as a “flipped property” under CRA rules
The tax implications of selling in under 12 months
Key exemptions for life events like death, divorce, or job relocation
Why waiting 366 days still might not protect you from CRA scrutiny
And more!