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As I deal routinely with non-resident investors wanting to sell Canadian real estate assets Maglia Stefano Sturaro Juventus , I would like to shed some light on this otherwise somewhat arcane subject. DISCLAIMER: please note that the following essay is presented solely for general information purposes, it is not intended to be legal advice or purported to be as such, it may or may not apply to your particular situation and that I strongly recommend - in fact I urge you - to discuss this topic in-depht further with your lawyer Maglia Daniele Rugani Juventus , notary, conveyancer or accountant - and not necessarily in this sequence - if a need there be.


If you are a non-resident involved in the selling of Canadian real estate assets that you own, you should be aware of the applicable provisions of the Income Tax Act to avoid problems when the time comes for the sale to complete. In brief Maglia Paulo Dybala Juventus , if taxes are owing to the Canada Customs and Revenue Agency (Revenue Canada) by a property owner, the property can be charged to secure payment of outstanding taxes. This applies to both residents and non-residents. What, however Maglia Mario Mandzukic Juventus , specifically applies in the case of non-residents selling Canadian real estate is that the property may be charged even after being transferred to the new owner.


In order to be protected and pursuant to the requirement of the Income Tax Act, the Buyer must make a 'reasonable inquiry' as to the Seller's residency status. Thus the need for indicating 'Resident of CanadaNon- Resident of Canada' under the Sellers information in the top left section of the Contract of Purchase and Sale. The Buyer's notary or lawyer will make a similar inquiry of the Seller when the convyancing documents are signed. If the Seller is a non-resident of Canada, he must apply for and obtain a Clearance Certificate from Revenue Canada and provide the Buyer with this Certificate. It normally takes four to six weeks for Revenue Canada to issue a Clearance Certificate. If a Clearance Certificate is not provided to the Buyer or his conveyancing representative Maglia Andrea Barzagli Juventus , then the Buyer must hold back one-third of the sale price until the Certificate is provided. If the Certificate, furthermore, is not forthcoming the holdback money is then remitted to Revenue Canada and the Buyer - and the newly acquired property - are protected from any further liability or charge.


A problem Maglia Alex Sandro Juventus , moreover, may arise at the time of completion if, for instance Maglia Claudio Marchisio Juventus , the existing mortgage exceeds two-thirds of the sale price and there are therefore no sufficient proceeds to allow for the holdback and clear title, not to mention payment of closing costs. So therefore, if you are (or will be at the time of completion) a non-resident Seller be sure to raise this issue before the property is sold and there is still time to obtain the required Clearance Certificate. Likewise Maglia Sami Khedira Juventus , if you are the Buyer and you learn that the Seller is a non-resident, be sure there is ample time before completion and possession.


Luigi Frascati

Enhance the Beauty of Your Window with Right Style Selection of Drapery Hardware

Posted On : Apr-22-2015 | seen (259) times | Article Word Count : 482 |

Our home is a place where we spend most of our lifetime. And there is no one in this world who does not think of making and decorating their home beautifully. Our home is a place where we spend most of our lifetime. And there is no one in this world who does not think of making and decorating their home beautifully. The right selection of the drapery hardware style is really very important because it allows you to enhance the beauty and grace of your entire home.

Although it might seem little uncommon for some people to do research on the styling of the drapery rod or hardware but it is important task to do. If your drapery rod or hardware will not be matched or suitable according to the design and styling of your window and interior of your home then it will make your selection look inappropriate. It will not help you in the purpose of enhancement of your home鈥檚 beauty. But, with the right styling selection in this matter Maglia Giorgio Chiellini Juventus , you will get many additional advantages such as great appearance and architectural suitability etc.

There are so many things that you can consider checking when you purchase drapery rods or hardware but it will become slightly boring and long procedure if you will follow every single possible analysis requirement in this matter. So, here I am sharing with you some of the most common and really very useful tips which will help you to make the selection of your most suitable and highly appreciable drapery rod just according to your requirement in less period of time.

First of all, it is really very important that you ensure that the styling is not too much different than the architecture of your home. It should be suitable for your home architecture and if you have any trouble making the comparison of the rods then you can consider taking the snapshot of your home鈥檚 interior for as. Cheap Jerseys Replica NFL Jerseys Replica Hockey Jerseys Sale Replica Sports Jerseys Cheap Replica Baseball Jerseys Fake Replica Football Jerseys Cheap Replica Jerseys From China Cheap Replica College Jerseys China Cheap Replica Basketball Jerseys China Cheap Replica Jerseys Sale