What is Form NR74?
Form NR74, Determination of Residency Status – Entering Canada, is a key document used by the Canada Revenue Agency (CRA) to assess your tax residency status when relocating to Canada. This form requires information about your previous country of residence, the reasons for your move, and your connections to Canada, including your address, dependents, and personal assets. Completing this form is crucial for understanding your tax obligations and entitlements in Canada, helping you adhere to tax laws and prevent potential complications with your residency status.
What is Form NR74 used for?
Form NR74 is important for those coming to Canada. It helps clarify your tax situation:
- Determine residency status for individuals arriving in Canada.
- Assess tax obligations based on residential ties in Canada.
- Provide facts about your stay in and outside Canada.
- Seek CRA's opinion on your residency status.
- Facilitate tax filing requirements by clarifying residency status for income tax purposes.
How to fill out Form NR74?
- 1
Fill Out Required Information: Enter your Canadian contact address, reason for entering Canada, and details about your previous country.
- 2
List Dependent(s) and Ties: Include information about any dependents in your previous country and your ties to that country.
- 3
Specify Length of Stay: Indicate how long you plan to stay in Canada and your expected departure date, if applicable.
- 4
Tick Residency Status: Select the box that reflects your usual residency status.
- 5
Provide Additional Information: Add details about post office boxes, safety deposit boxes, and any business links to other countries.
- 6
Certify Accuracy: Confirm that all information is correct and complete before downloading your form.
Who is required to fill out Form NR74?
Individuals who have recently moved to Canada and need to determine their residency status for tax purposes must complete Form NR74. This includes those who have entered or briefly stayed in Canada.
Taxpayers who fill out Form NR74 use it to seek the CRA's opinion on their residency status, helping them understand their tax obligations.
When is Form NR74 not required?
Form NR74 is not required if you have not established significant residential ties with Canada or if your stay in Canada is less than 183 days in the tax year. Additionally, if you are a deemed non-resident due to residential ties in a country with a tax treaty with Canada, you do not need to submit this form. The CRA may also waive it for government employees posted abroad.
When is Form NR74 due?
The deadline for Form NR74 is when you arrive in Canada and need the Canada Revenue Agency's opinion on your residency status. It’s best to submit the form as soon as possible to determine if you are a factual resident or deemed non-resident for tax purposes.
How to get a blank Form NR74?
To get a blank Form NR74, visit our website where the Canadian Revenue Agency issues this form. You’ll find a pre-loaded version in our editor, ready for you to fill out. Remember, our platform aids in filling and downloading but not filing forms.
How to sign Form NR74 online?
To sign Form NR74, you can include an electronic signature, which the Canada Revenue Agency accepts if the recipient verifies your identity. A handwritten signature is also valid, and there's no need for a cryptographic digital signature. After filling out the form using PDF Guru, download it for your records. Remember to check for the latest updates from the CRA regarding signature requirements. PDF Guru helps you prepare your form, but submission must be done separately.
Where to file Form NR74?
To submit Form NR74, mail it to the International tax and non-resident enquiries office. Ensure all information is accurate before sending.
Alternatively, you can fax the completed form. Remember, electronic filing is not an option for this form. For help, refer to the Income Tax Folio S5-F1-C1.
