Feigenbaum Law

non-resident vendor

non-resident

Personal Tax Planning

Tax Information for Non-Residents Selling Canadian Property

If you are a non-resident individual or corporation that owns Canadian property, take note of these extra legal hurdles before you decide to sell your property. Canadian tax legislation requires that any purchaser of property from a non-resident can be liable for taxes if they are unpaid. In many cases, to protect against this potential liability, 25% of the sale price will be withheld by the purchaser’s lawyers until the Canada Revenue Agency (CRA) confirms… Read More