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However, a non-resident is required to pay an estimate of the tax before the sale, an amount equal to 25% of the gain.

Once you (the buyer) have signed the document, it becomes legally binding.

The following are some questions we regularly get asked and the answers. Sometimes if the property is being sold by a company or by a person who is in the business of buying and selling land, a Goods and Services Tax (GST) of five (5) percent of the purchase price is applicable.

This tax is collected by the lawyer and remitted to the Canadian Government.

This may include changes in price, completion date and chattels.

The changes are initialled by the seller and returned to you (the buyer) for your initials.

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