After several years of visiting Florida, Mr. Singh moved from Toronto to Florida on December 31, 2011, and became a non-resident of Canada. Mr. Singh decided to rent his house in Canada for the next few years. Mr. Singh has arranged with a relocation agency, Gone-Today-Here-Tomorrow, to collect the rent, pay all expenses and remit the balance to him quarterly. During 2012, the house was rented for $1,950 for January to June, and $2,150 for July to December. Expenses amounted to $1,550 per month.
REQUIRED
Discuss withholding tax and other tax implications concerning Mr. Singh's rental property.