CRA describes what a s. 115(5) remittance letter should disclose

There is no prescribed form for the purchaser’s making of a s. 116(5) or (5.3) remittance where the non-resident vendor has failed to file a T2062. The remittance letter should state:

• the purchaser’s full name and address
• the non-resident vendor’s name
• the non-resident vendor’s address (if available)
• a description of the property (as much detail as possible)
• the date of the acquisition
• a copy of the purchase agreement and/or other documents, such as the Statement of Adjustments, to support the purchase price.

Neal Armstrong. Summary of May 2016 Alberta CPA Roundtable, Q.14 under s. 116(5).