Whistler Ski-in/Ski-out Real Estate For Sale
Marion Anderson Personal Real Estate Corporation SUTTON GROUP – WEST COAST REALTY
There is no Foreign Buyer Ban in Whistler. Everyone is still able to buy real estate in Whistler. Therefore, unlike many other Canadian locations, Whistler welcomes foreign buyers. The Government of Canada announced that this Foreign Buyer ban for Canada would be extended to 2027.
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The LLC arrangement for business ownership is not offered in Canada. A Canadian business can not be located in Canada (on paper) and run as an LLC. This is why many Canadian companies operate as LLPs (Limited Liability Partnership) instead of LLCs. This would be a topic for a British Columbia lawyer, not a Whistler realtor.
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Yes. The non-resident owner of Whistler property can legally use their Phase 1 rental property for 28 days while maximizing nightly revenue. This legal aspect was not the case before UHT came into effect. In addition, it all depends on who is on the title deed. For more information, read the Non-Residents: Underused Housing Tax page on this site.
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Two components to financing a house build in Whistler, 1) the cost of buying the vacant land, or land with a tear-down house on it, and 2) determining the construction cost budget of the build.
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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. It can be reduced to 25% of net revenue. The page, Non-Resident: Owning explains what taxes and fees are due when you own a property in Whistler.
Continue reading “Non-Resident: Withholding Tax”