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Property purchase

June tax news: Buying property from a non-resident, HST rules–and more

BUYING PROPERTY FROM A NON-RESIDENT If you are buying real estate — such as a house or condominium, or a commercial property — from a non-resident of Canada, you need to know about your obligation to withhold tax unless the vendor provides you with a “section 116 certificate” from the Canada Revenue Agency. A non-residents […]