Form T2062 is the request a non-resident files with the Canada Revenue Agency to obtain a section 116 clearance certificate on the disposition of taxable Canadian property. It reports the property, the proceeds, the cost, and the resulting gain, and is accompanied by payment of the estimated tax or acceptable security so the CRA can issue the certificate.
A companion form, T2062A, is used for dispositions of certain Canadian resource, timber, and depreciable property, where recapture and other amounts are also relevant. Filing is generally expected within ten days of the disposition, and late filing can attract penalties. Because obtaining the certificate releases the purchaser from the withholding obligation under section 116, completing these forms accurately and promptly is a central step in closing a non-resident sale of Canadian property.