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

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Posted by Jamie Golombek

on Thursday, 13 September 2018 11:47

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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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