Are you a non-resident home owner? Purchasing a home from a non-resident?
We are all well aware of how hot the real estate market is on the Sunshine Coast and Vancouver at the moment. There are many people taking advantage of this fact and selling their homes. However, if you are a non-resident who owns a home in Canada, or you are purchasing a home from a non-resident, there are important things you need to know! See the link below for more information:
Disposing of or acquiring certain Canadian property
If either of these scenarios apply to you, it is always best to contact a tax advisor to aid you in your transaction to ensure the necessary steps are taken to avoid any unpleasant surprises in the future.