RentLedgerForm 8288
US Withholding Tax Return for Dispositions by Foreign Persons of US Real Property Interests (FIRPTA)
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This content is for informational purposes only and does not constitute legal, tax, or financial advice. Tax laws change frequently — always verify with the CRA and IRS or consult a qualified cross-border tax accountant before making decisions.
20 days after the date of transfer
Buyers of US property from foreign persons (Canadians); also filed by sellers when applying for reduced withholding
What is Form 8288?
When a Canadian sells US property, the buyer is required to withhold 15% of the gross sale price under FIRPTA (Foreign Investment in Real Property Tax Act) and remit using Form 8288. The seller can apply for a withholding certificate to reduce this.
Who Needs to File Form 8288?
Buyers of US property from foreign persons (Canadians); also filed by sellers when applying for reduced withholding
Filing Deadline
20 days after the date of transfer
Related Forms
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