Buyer Beware: Hefty Tax Bills Purchasing From a Non-Resident

Posted by Jamie Golombek

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If you’re buying a house or condo and you suspect that the current owner from whom you are purchasing the property is a non-resident of Canada, you could be personally liable for the vendor’s Canadian capital gains tax if you don’t take certain precautions.

Indeed, this is precisely what happened in a recent tax case decided this summer… CLICK for complete article

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