Non Resident Purchases

The 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 5% GST (Goods and Services Tax) on services related to the sale such as the commission of the sale;  lawyer fees; and such.

5% Goods and Services Tax may be applicable on the purchase of some property. Such properties may include but is not limited to; 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.

When registering the purchase of British Columbia property through a Lawyer or Notary they must be a BC licensed Lawyer or Notary.

Non Resident Sales

When 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.