Kathleen Penny Josh Jones Non-residents of Canada that dispose of taxable Canadian property (TCP) are taxable in Canada, subject to treaty relief. Before March 5 2010, all private Canadian corporations' shares were TCP. As of March 5 2010, Canadian shares are generally not TCP unless, at any time in the 60-month period preceding disposition, they derived more than 50% of their value directly or indirectly from Canadian real or resource property. On July 12 2010, the legislation implementing this change became law.
August 31 2010