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Are You A Non-Resident of Canada?
If you are a non-resident of Canada, the purchase of property in
British Columbia is simple. The same rules and costs apply to
you as they do to any purchaser. For an overview of the financing,
taxes and closing costs involved in a purchase we invite you to visit our
Financing page within this site.
You will be required to provide your REALTOR® with identification and
you will also be required to enlist the services of a Lawyer or Notary
licensed in British Columbia to register your newly purchased property.
When a non-resident sells property in Canada, the Canadian
Government requires a percentage of the sale (believed to be roughly
25%) be set aside as a hold-back to ensure the Seller has no outstanding
tax obligations to Canada. Once the government is satisfied that
all obligations have been met by the Seller, the funds are then released
back to the Seller.
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