Canadians can buy apartments and houses in Argentina without residency, like any other foreigner. On the Canadian side, a tax treaty with Argentina has been in force since 1994, rental income is reported on Form T776, and Form T1135 applies once your foreign property costs more than CAD 100,000, unless the home is mainly for personal use.
Last updated September 24, 2026 · Part of the Foreign buyer guide
Ownership rules in Argentina
Argentina does not restrict Canadians from owning urban property. The purchase runs through an escribano, is usually priced in US dollars, and requires an Argentine tax ID (CUIT, which replaced the CDI for foreigners in March 2026). The full process is in the foreign buyer guide.
Rural land and properties near the borders need extra approvals for every foreign buyer. If you are looking at acreage, a ranch, or a lake lot in Patagonia, read Can foreigners buy land in Argentina? first.
The Canada–Argentina tax convention
Canada and Argentina signed an income tax convention on April 29, 1993; it entered into force on December 30, 1994. Under the treaty, Argentina keeps the first right to tax income from Argentine real estate, and Canada gives relief for the Argentine tax through the foreign tax credit. This is a real advantage over US buyers, who have no treaty with Argentina.
Form T1135: when you must report the property
T1135 (Foreign Income Verification Statement) applies when the total cost of your specified foreign property exceeds CAD 100,000 at any time in the year. Cost means what you paid, not today's market value.
| How you use the Argentine property | T1135? |
|---|---|
| Vacation home used mainly (more than 50%) by you and your family | Not required: personal-use property is excluded |
| Rented out with a reasonable expectation of profit | Required once total cost passes CAD 100,000 |
| Mixed use, e.g. rented 8 months, used 4 months | Required (CRA treats it as rental property) |
| Argentine bank account with the rent or closing funds | Counts toward the CAD 100,000 total |
Reporting rent: T776 and T2209
Rental income from Argentina is reported on Form T776 (Statement of Real Estate Rentals), converted to Canadian dollars, as part of your worldwide income. The T1135 threshold only governs the information return; rental income is taxable in Canada no matter how much the property cost.
Argentine income tax paid on the rent can be claimed as a federal foreign tax credit on Form T2209. The credit is the lesser of the foreign tax paid and the Canadian tax on that same income. How Argentina taxes rent paid to non-resident owners is explained in rental rules for foreign owners.
Selling the property
A gain on sale is reported in Canada in Canadian dollars, and Argentine tax on the same gain can be credited under the treaty. If the Argentine home was your principal residence, ask your accountant whether the principal residence exemption can be designated for those years; you can only designate one property per family per year. The Argentine side of a sale is covered in selling property in Argentina from abroad.
Checklist for Canadian buyers
Sort out these points before you sign a reservation.
- Apply for your Argentine CUIT tax ID early; the escribano needs it for the deed.
- Decide whether the property is personal use or a rental; it changes your T1135 obligation.
- Keep the purchase price, closing costs, and exchange rates on file for your cost base.
- Estimate closing costs with the calculator.
- Buying does not grant residency; see does buying property in Argentina grant residency?.
Questions buyers ask
Is there a tax treaty between Canada and Argentina?
Yes. The Canada–Argentina income tax convention has been in force since December 30, 1994.
Do I file T1135 for a vacation apartment in Buenos Aires?
Not if it is mainly for personal use. Personal-use property is excluded from specified foreign property. If you rent it out to make a profit, it becomes reportable once your total foreign property cost exceeds CAD 100,000.
Can I buy remotely from Canada?
Yes, through a power of attorney signed before a Canadian notary and apostilled, then used by your representative in Argentina. Agree the wording with the escribano first.