Non-Resident Sellers in Canada: What You Need to Know About Clearance Certificates

Disclaimer: This video is not legal advice. Consult with a qualified legal professional for advice tailored to your circumstances.

If you’re a non-resident selling property in Canada, it’s crucial to contact a real estate lawyer and an accountant as soon as possible. This video explains why you’ll need to apply for a non-resident clearance certificate from the Canada Revenue Agency and how the process affects your sale. In most cases, 25% of the gross sale price—or 50% if the property was a rental—is held back until the certificate is issued. Since this process can take time, early preparation is key to avoiding delays.

Ontario real estate lawyer, Paria Rad of Devry Smith Frank LLP and Woitzik Polsinelli LLP has extensive experience in all aspects of real estate transactions, she is experienced in dealing with complex legal issues and she has closed numerous real estate transactions.

For legal support in real estate transactions, contact Paria at paria@durhamlawyer.ca or at 905-668-4486.