6 October 2017 APFF Roundtable Q. 8, 2017-0719491C6 F - Production of NR4 forms -- summary under Regulation 202(1)

Is the filing of an NR4 required where an amount is credited to a non-resident which is not subject to Part XIII tax, e.g., interest paid to an arm’s length lender? CRA responded that, as stated at 26 April 2017 IFA Roundtable Q. 8, 2017-0691141C6, a resident person has an obligation to file an information return (i.e., an NR4 slip) respecting amounts described in Regs. 202(1)(a) to (h) that are paid or credited to a non-resident irrespective whether such amounts are subject to Part XIII tax, so that, for example, interest paid to an arm’s length non-resident creditor is subject to such reporting.