Canada-Morocco tax treaty — key points
- 1975 treaty (amended 1997) prevents double taxation between Canada and Morocco.
- Rental income from Morocco: taxed in Morocco primarily (IR with 40% abatement). Canada: included in worldwide income (T1), foreign tax credit (FTC) via T2209 form.
- Capital gains (TPI Morocco): taxed in Morocco. Canada: capital gain realised with FTC.
- Quebec residents: additional provincial income tax, with similar FTC (TP-1029.8).
- Reporting requirement: FinTRAC 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?
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