Canada-Morocco tax treaty — key points
- Canada-Morocco tax treaty: The tax treaty between Canada and Morocco organises how the two countries' taxes interact; have your situation checked by an adviser in your country of residence.
- Rental income from Morocco: Moroccan rental income is taxed in Morocco after a 40% abatement on the gross amount (art. 64-II CGI), then under the income tax scale (art. 73-I). Its treatment in Canada is for your Canadian adviser.
- Capital gains (TPI): 20% of net profit (art. 73-II-F-6°), with a 3% minimum on the sale price (art. 144-II-1°). Primary residence exemption if lived in as main home for at least 5 years (art. 63-II-B).
- Quebec residents: provincial rules also apply; check them with your adviser in Quebec.
- Reporting requirement: CRA form T1135 mandatory if foreign property cost > CAD 100,000. Severe penalties if omitted.
- Estate: inheritance rules lex rei sitae — Moroccan law on the property regardless of Canadian succession planning.
Banking & mortgage from Canada
No direct Canadian subsidiary — MRE Canada generally deal with Moroccan banks via: (a) opening a CCD account remotely (Attijariwafa, BMCE, BCP accept Canadian ID + proof of Moroccan nationality), (b) fund transfer via SWIFT from Canadian account, (c) mortgage application directly with a Moroccan bank, using your Canadian income (T4 last 2 years + Notice of Assessment).
MRE Canada mortgage: LTV up to 80%, term 10-25 years, rates 4.5-6% MAD or 3-4.5% EUR (CAD loans uncommon). Expect slightly longer dossier processing (4-6 weeks) versus European MRE.
Moroccan consulates in Canada
- Montréal — Consulate General (largest MRE population)
- Ottawa — Embassy + Consular section
- Toronto — Consulate General
- Vancouver — Consulate General (West Coast)
Power-of-attorney: notarise in Canada at a public notary, then legalise at the Moroccan consulate (or via Ottawa embassy). Allow 2-4 weeks total from preparation to Morocco arrival.
Preferred destinations — MRE Canada
- Casablanca CFC & Anfa Supérieur — prime for cadres, bankers, tech professionals
- Marrakech Palmeraie & Hivernage — secondary residence + Airbnb
- Rabat Souissi / Hay Riad — diplomats, academics
- Tangier Malabata / Marina — growing segment
- Premium riads (Marrakech medina) — for high-net-worth MRE Canada
Investing from Montreal, Toronto or Vancouver?
Fully remote service, EN/FR bilingual reporting. Free quote within 24h.