Selling Whistler Real Estate as a Non-Resident
For the non-resident who is thinking of selling their Whistler property, it should be a smooth process. However, the smoothness depends on the non-resident’s expectations. Hopefully, you have a BC accountant you have been working with since you purchased your property. Otherwise….buckle up! The Non-resident: Selling page explains the complex selling process so that anyone who is not a tax accountant can understand it.
Non-resident: Understand this Complex Selling Process
If you have clicked through to read more about this topic, it is recommended that you click through to the Non-resident: Selling page on this site.
The table of contents on the Non-resident: Selling page includes the following topics:
Table of contents
- Buying. Owning. Selling.
- FAQ
- Tax on the Disposition of Property
- Tax Disposition Part 1
- GOC General Information
- Sale Proceeds
- Managing the Holdback
- Holdback Amount
- Paying out the Mortgage
- Calculation of Taxable Gain
- 10 Days After the Sale
- CRA Receives and Reviews the T2062
- CRA Determines the Withholding Tax
- Withholding Tax Paid
- Balance of Holdback Released
- Compliance Certificate
- Tax Disposition Part 2
- Timing on Filing Personal Income Tax
- CRA Rebate
- Best Time to Sell
- Purchaser’s Liability
- A Non-Resident can be a Canadian Citizen
- Income Tax Act
Non-resident Pages
On this site there are several pages to help the non-resident navigate buying, owning, and eventually selling their property. It is always good to know what you are getting yourself into when you start considering Whistler real estate.
- Buying Process
- Non-resident: Buying
- Non-resident: Finance and Funds
- Non-resident: Owning
- Non-resident: Selling
If you think I would be a good fit to work with you and your family, and you are not working with a Whistler realtor, please contact me. I look forward to hearing from you.
It’s a Good Life in Whistler!
Marion
Marion Anderson Personal Real Estate Corporation
manderson@sutton.com (604) 938-3885