Form T2062 is how a non-resident of Canada tells the CRA they're selling, or have sold, taxable Canadian property, such as a Canadian home or shares, and asks for a certificate of compliance under section 116. Without the certificate, the buyer generally has to withhold tax from the purchase price. For a completed sale, the notice is due no later than 10 days after the date of disposition.
The rules below come from the CRA's T2062 form page and the T2062 E (21) form and instructions, which is the version the CRA lists today, as of October 2026.
When a non-resident needs T2062
You use T2062 if you're a non-resident of Canada giving notice of a proposed or completed disposition of taxable Canadian property, as defined in subsection 248(1) of the Income Tax Act. A disposition includes any interest in or option on the property, whether or not the property exists yet.
- File a separate T2062 for each disposition or proposed disposition.
- If you're selling several properties to the same buyer at the same time, one T2062 covers them all.
- Each co-owner files their own T2062, whether you hold the property as joint tenants, tenants in common or co-owners.
- If you gave notice of a proposed sale and the completed sale meets the conditions in paragraphs 116(3)(d), (e) and (f), you don't need a second notice for the completed sale.
T2062 or T2062A?
| Property | Form |
|---|---|
| Capital property such as a home, cottage or shares | T2062 |
| Canadian resource or timber resource property | T2062A |
| Canadian real property that isn't capital property | T2062A |
| Depreciable taxable Canadian property, such as a rental building | T2062 for the gain and T2062A for the recapture or terminal loss, filed together |
That last row matters for landlords. If you sell a Canadian rental property, the CRA wants the capital cost allowance schedules for every year, adjustments to the adjusted cost base with documents, support for how you split the price between land and building, and a completed T2062A.
The 10-day deadline and its penalty
If you're giving notice of a completed disposition under subsection 116(3), you must notify the CRA by registered mail, or through the online options below, no later than 10 days after the date of disposition. The penalty under subsection 162(7) for filing late is $25 a day, with a minimum of $100 and a maximum of $2,500, as of October 2026.
You can also file before the sale closes, as a proposed disposition. That's usually the calmer route, because the paperwork is with the CRA before closing rather than racing a 10-day clock after it.
How the payment works
Part of the form works out the gain: proceeds of disposition minus adjusted cost base, minus any exemptions, gives the net gain. The payment of tax line then asks you to enter 25% of the net gain. That payment, or acceptable security, is what lets the CRA issue the certificate. It isn't your final tax bill: the CRA says final settlement is made when you file your Canadian income tax return, which you may have to file to report the sale.
How to file T2062
- Fill in the vendor, purchaser and property details, including the street address, legal description and use of the property.
- Enter the proceeds, adjusted cost base, exemptions and net gain, and the 25% payment.
- Attach the supporting documents on the CRA's list, such as the sale agreement and proof of cost.
- If you're claiming treaty protection for the property, attach Form NR301.
- Send it to the CRA's Centre of Expertise for the area where the property is located, or submit it online through My Account, Represent a Client or My Business Account, or by fax.
Two traps worth knowing
First, the Underused Housing Tax. Under subsection 116(8), the CRA can refuse to issue a certificate for certain residential properties if the non-resident, non-Canadian owner hasn't met their filing and payment obligations under the Underused Housing Tax Act. Even an exempt owner may still have had to file a UHT return, so sort that out before you sell.
Second, tax numbers. The CRA can no longer process an application for an individual tax number alongside T2062, and the ITN application can't be sent electronically. Apply for the ITN separately and early on Form T1261, Application for a Canada Revenue Agency Individual Tax Number (ITN) for Non-Residents, following the mailing instructions on that form. If the Canadian property earned rent while you owned it, the form also asks whether non-resident tax was withheld, which is the same regime that produces an NR4 slip.
US residents and the fresh start rule
If you're claiming an exemption under paragraph 9 of Article XIII of the Canada-US tax treaty, known as the fresh start rule, the CRA wants proof that you've been a continuous resident of the United States from September 26, 1980, to the date of sale. It also asks for the value of the property on December 31, 1971 for property bought before 1972, and either a calculation of the exempt part of the gain accrued to December 31, 1984 or an appraisal of the property's value on that date. Gather this before you file, because it's the slowest part of the paperwork.
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If a representative files for you, the authorization on the form stays in effect until it's cancelled, or it expires within six months of the certificate being issued or the T2062 being finalized, whichever comes first.
The verdict
If you're a non-resident selling a Canadian property, put T2062 on the to-do list as soon as you accept an offer, not after closing. File as a proposed disposition, attach T2062A for a rental, clear any UHT filing first and get the ITN sorted separately. Selling your old home after leaving Canada? Read up on how the principal residence designation on T2091 works for the years you lived there.
Frequently asked questions
What is the deadline for Form T2062?
For a completed disposition, you must notify the CRA no later than 10 days after the date of disposition. You can also file before the sale as a proposed disposition.
What is the penalty for filing T2062 late?
The penalty under subsection 162(7) is $25 a day, with a minimum of $100 and a maximum of $2,500.
How much do I pay with T2062?
The form asks you to enter 25% of the net gain as the payment of tax. Final settlement of the tax is made when you file your Canadian income tax return.
Can I file T2062 online?
Yes. You or your representative can send the notification through My Account, Represent a Client or My Business Account, or by fax.
Do I need T2062A as well?
Use T2062A for resource or timber property, real property that isn't capital property, or depreciable property. For a rental building you file both forms together.
