CRA update on non-resident withholding tax account

CRA update on non-resident withholding tax account

Do you own or represent the owner of a non-resident withholding tax account?

The Canada Revenue Agency (CRA) is updating the authorization process for representatives of non-resident withholding tax accounts.

As of May 14, 2018, all representatives of a non-resident withholding tax account need to be authorized using a new form (NR95 – Authorizing or cancelling a representative for a non-resident tax account).

This form requires additional information from account owners, such as the level of authorization being granted to a representative. If you are representing an owner, they will need to fill out NR95, even if you have an existing authorization on file.  Of course, if you have a representative yourself,  you will have to reauthorize your representative using the form.

There is a transition period in effect until December 31, 2018, to allow account owners to reauthorize their representative before their current authorization is deactivated.

All future authorizations need to be done using form NR95.

For more information, visit canada.ca/cra-representatives-non-resident-accounts.

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