Category: Non-Resident of Canada

Yes! Phase 2 properties can be identified by the hotel name attached to the building, for example, the Westin. These are business income properties and for non-residents, the 28 days of use still applies to avoid the 1% UHT penalty.

The benefit of a phase 2 over a phase 1 is that you can use your phase 2 for up to 56 days and then rent out the rest of the year. Whereas the owner of a phase 1 property is up to 35 days of legal usage, and then must rent it out the rest of the year, if they are renting it out at all. Now that’s 3 weeks of legal use difference.

Yes!! There is no foreign buyer ban in Whistler, British Columbia. Non-residents are welcome to buy Whistler real estate.

The Government of Canada announced that the foreign buyer ban would extend to January 2027, and after that who knows! I’m Marion Anderson, and I help people buy real estate and Whistler.

No. The LLC arrangement for business ownership is not offered in Canada. In Canada a holding company, or Holdco is a firm that exercises control over any asset class. A Holdco earns money by collecting dividends.

For Canadian mortgages in a company name the company has to be registered in British Columbia. This is a holding company and everyone who is a shareholder personally guarantees the mortgage.

Non-residents who own a nightly rental property in Whistler pay 25% of the gross revenue monthly to the Government of Canada. This is called Withholding Tax.

The 25% holdback on gross revenue can be reduced to 25% of net income after expenses when the non-resident and the rental manager co-sign the NR6 form which is submitted to the CRA for approval. A phase 2 property has a blanket NR6.

Actual income tax is determined when the income tax return is filed by a Whistler accountant, and assessed by the CRA.