What are Tourism Whistler (TW) FEES?

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Key Takeaways

  • TW fees were introduced to fund tourism marketing in Whistler, specifically for properties on resort land.
  • There are two types of TW fees: commercial fees for nightly rentals and common fees for residential properties.
  • Annual payment for TW fees is due by March 31st, and owners can split payments into 10 monthly installments.
  • The calculation of TW fees varies by property type, with specific billing units and rates for residential and commercial accommodations.
  • Buyers of properties on resort land must consider TW fees during the purchase process, as these fees transfer with the property.
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NON-RESIDENT TAX on Capital Gain

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Key Takeaways

  • Non-residents selling property in Canada face withholding tax on capital gains, requiring a hold-back of 35% to 50% at closing.
  • The seller’s accountant must file T2062 within 10 days of the sale, prompting the CRA to determine the final withholding tax amount.
  • After the tax is paid, the CRA issues a Certificate of Compliance, allowing the seller to access their hold-back funds.
  • Non-residents should consult a local accountant for personal tax returns, which may result in refunds related to withholding tax.
  • Tax treaties can prevent double taxation on capital gains for non-residents selling property in Canada.
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What do I need to know about FINTRAC?

Estimated reading time: 8 minutes

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Key Takeaways

  • FINTRAC is Canada’s financial intelligence unit, aiming to prevent money laundering and terrorist financing through strict identity verification procedures.
  • Real estate agents must verify clients’ identities and the source of funds, with serious consequences for non-compliance.
  • As of October 2025, realtors are legally responsible for collecting information on unrepresented parties in transactions.
  • When buying through a corporation, directors must provide documents like certificates of incorporation and corporate bylaws for compliance.
  • The lawyer does not collect FINTRAC information, making realtors the sole data collectors for this purpose.
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How do I know there were MULTIPLE OFFERS?

Estimated reading time: 3 minutes

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Key Takeaways

  • Limited supply leads to increasing house prices and frustrated buyers in multiple offers situations.
  • The GVR introduced the Disclosure of Multiple Offers Presented (DMOP) form to ensure fair presentation of offers and boost buyer confidence.
  • The seller’s agent completes the Disclosure of Multiple Offers Presented (DMOP) form for listings with multiple offers and shares it with buyer’s agents after a decision is made.
  • The Disclosure of Multiple Offers Presented (DMOP) form lists the date of each received offer and the buyer’s brokerage, balancing transparency and privacy.
  • Buyers receive, from their realtor the completed DMOP form within one day after the seller accepts or rejects offers.
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Where are the BENCHLANDS in Whistler?

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Key Takeaways

  • The Benchlands is a developed area in Whistler, aimed at tourist accommodation since the eighties.
  • It consists of Benchlands North and South, with North zoning primarily for tourist rentals, except Horstman Estates.
  • Free year-round bus service connects the Benchlands to Whistler Village and ski slopes, enhancing accessibility for tourists.
  • The South features mixed developments, including tourist accommodations and other land uses, with recent updates to transportation infrastructure.
  • Marion Anderson offers real estate assistance in the area for interested buyers.
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