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Upon payment, the CRA will issue a clearance certificate to the seller, but not until there has been a contract of purchase and sale with all subjects (conditions) removed. The non-resident seller should file a Canadian income tax return for the year in which the sale occurs and should expect to receive a refund of a portion of the taxes paid. S., have tax treaties with Canada that prevent you from being taxed in both Canada and your home country.

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When a non-resident sells Canadian real estate, he/she is required to pay the appropriate amount of taxes on any capital gain.

The normal Canadian tax rates will be applied to 50% of the gain.

What remains is millions of square kilometres of unspoiled, unpolluted and undisturbed wilderness.

The province of Ontario has a population of over 12 million people, most of whom are located in Southern Ontario which occupies about 1/6 of Ontario is known as Northern Ontario and has a population of less than 700,000 people and this is where you’ll find that special property.

However, a non-resident is required to pay an estimate of the tax before the sale, an amount equal to 25% of the gain.

This amount is to be retained by the seller’s lawyer until such time as a clearance certificate is received from the Canada Revenue Agency (CRA) in connection with the sale of the property.

If you withdraw from the offer at this stage, you may lose your deposit and may also be sued.

Once your offer is complete it will be presented to the seller and negotiations are made.

A non-resident pays land transfer tax at the same rates as a resident.

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