I work closely with local accountants and lawyers who can provide their expertise and answer any questions you have.
Non-resident sellers must report their property sales to Revenue Canada. Revenue Canada will in turn issue a clearance certificate in exchange for an estimate of taxes owing. This certificate ensures that you have paid all your Canadian taxes before you take the proceeds from the sale out of the country. Up to 50% of the gross sales proceeds may be held until a clearance certificate is issued. Currently, it can take up to 16 weeks to obtain a clearance certificate. This will be held until your Canadian Income Tax Return is filed; which must be done in the year you sell your property. Contact your local accountant for more information and professional advice.
- The Whistler Real Estate CO. LTD.
- #17 – 4308 Main Street
Whistler, BC, Canada