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Navigating real estate transactions as a foreign buyer or investor in Ontario can be complex. From understanding regulations to addressing tax implications, having the right legal partner ensures a smooth process and protects your investment.
At Kormans LLP, we provide tailored legal services for non-resident buyers and investors. Whether you’re purchasing property, applying for NRST rebates, or securing financing, our experienced lawyers guide you through every step. Trust Kormans LLP to deliver practical solutions that align with your goals and comply with Ontario’s regulations.
Non-Resident Real Estate Transactions
Navigate the complexities of buying and selling property in Ontario as a non-resident.
Foreign Buyer Regulations
Ensure compliance with Ontario’s regulations for foreign buyers, including the Non-Resident Speculation Tax (NRST).
Rebate Applications for NRST Payments
Apply for rebates on NRST payments with professional legal guidance to maximize your refund.
Tax Implications for Foreign Ownership
Understand and address the tax implications of owning property as a non-resident.
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Tax Implications for Foreign Ownership
Understand and address the tax implications of owning property as a non-resident.
Financing for Non-Resident Buyers
Secure financing with legal support tailored to non-resident buyers and private lenders.
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Discover how Limited Liability Partnerships (LLPs) in Ontario protect professionals like lawyers, accountants, and architects while allowing collaboration, resource-sharing, and individual liability protection.
In this blog post, we will cover in further detail some of the other key items that are important to consider when accepting HST indemnity from the Buyer for the HST self-remittance.
There is an all-too-common misconception by some Buyers and even by some Buyers’ professional, licenced realtors that the time period for the delivery of a Deposit pursuant to a resale Agreement of Purchase and Sale (APS) effectively provides the Buyer with a cooling-off period. The mistaken belief is that the Buyer has until the time and date specified in the APS for the delivery of the Deposit to have Buyer’s remorse for whatever reason and therefore elect to terminate the APS by not delivering the Deposit.
The NRST is a 25% tax applied to the purchase of residential property in Ontario by foreign buyers. It applies to certain transactions and can be eligible for rebates under specific conditions.
We assist non-resident buyers in applying for NRST rebates by ensuring all documentation is accurate and complete, maximizing your chances of a successful refund.
Non-resident property owners may face additional taxes, such as withholding taxes on rental income or capital gains taxes upon sale. We provide legal advice to address these obligations.
Yes, non-residents can secure financing. We provide legal guidance to help you navigate lender requirements and ensure compliance with regulations.
Non-resident transactions involve unique regulations, taxes, and financing challenges. A lawyer ensures compliance, protects your interests, and streamlines the process.