NR73 (Canada Revenue Agency)

[Romans13 130]

An NR73 is required by the CRA to determine residency/non-residency in Canada for tax purposes. 
 

of course it is not a requirement for everyone leaving Canada to fill out and await a decision, but it is needed by those who have pensions or LIRA’s in Canada and want them cashed out in full. Financial institutions require this approval letter from the CRA in order to release all the funds to those former Canadian residents who now reside in the US. (Side note: 25% tax on the full payout).

 

with that out of the way, I am asking for feedback from those going through the NR73 process or who have gone through it, as to the length of time it took for CRA to supply a letter of non-residence decision. 
 

thanking you in advance. 

[Romans13 130]

Apparently not a common topic, but an update from me: filled out the 4 page questionnaire and provided proof of address/residency and mailed it in. Will update with further developments.

[Lemonslice 4,886]

Took me 6-8 weeks, if I remember correctly.  Was pre-pandemic times, so might be different now.

[Romans13 130]

Update: have not heard anything back after mailing in the questionnaire. Strangely, wife and I received cra email notifications indicating that our addresses were changed to US ones on the cra system. 
perhaps a sign of processing......

[purem4g1c 113]

Is NR73 necessary? I just sent a mail(In October) to the CRA stating that I left the country and am doing so permanently so I won't be filing Canadian taxes anymore. They updated my address and contact information on their portal. Haven't heard anything back since then.

[Romans13 130]

Original post explains need for NR73. Tl;dr: do nr73 if you have a locked in investment (LIRA) or pension fund if you want to unlock itand take funds; otherwise it seems no need for nr73

[purem4g1c 113]

1 minute ago, Romans13 said:

Original post explains need for NR73. Tl;dr: do nr73 if you have a locked in investment (LIRA) or pension fund if you want to unlock itand take funds; otherwise it seems no need for nr73

mhm gotcha, i've got an RRSP and that's it

[Romans13 130]

And coincidentally, I received a non-residency approval today in the mail, dated 11 Jan, based on acceptable nr73 application. So this process is now complete. It appears from start to finish, just shy of a month to complete. Lightning fast. 

[purem4g1c 113]

On 1/20/2021 at 10:34 AM, Romans13 said:

And coincidentally, I received a non-residency approval today in the mail, dated 11 Jan, based on acceptable nr73 application. So this process is now complete. It appears from start to finish, just shy of a month to complete. Lightning fast. 

Great news and thanks for keeping everyone updated!