Property in the Lower Mainland continues to attract investors world-wide. It is therefore important for you (the non-resident) to understand Canada’s tax laws to help avoid mistakes and pitfalls. Here is a brief summary of information, relevant to you the foreign investor:
Resident or non-resident?
Under Canada’s income tax system, whether an individual is a resident or a non-resident can play a role in how much tax you will pay.
- As a resident you must pay Canadian...