Non Resident Info
Non Resident PurchasesThe purchase of property in British Columbia for non-resident buyers is simple. You have the right to purchase and own any property you choose. All sellers are required to pay 12% Harmonized Sales Tax on the commission of the sale. The purchase of British Columbia property can only be registered by a BC licensed Lawyer or Notary. There is no Provincial Sales Tax on the sale of BC property. 12% Harmonized Sales Tax may be applicable on the purchase of some property. Such properties would include those built new and not previously occupied, those where the seller is a company or corporation and those where the property has been used to earn income. All Purchase of property in British Columbia is subject to Property Transfer Tax of 1% on the first $200,000 and 2% above $200,000 of the purchase price. Non Resident SalesWhen a non-resident sells property in Canada, the Canadian Government will hold aside approximately 25% of the sale price for a short time to ensure any taxes you may owe are paid. Upon proof that you owe no taxes within Canada the money is returned to you. I recommend you seek the professional opinion of a BC Licensed Lawyer and Accountant in these matters. < Newsletters Buyer Services >
| 
