B.C. court rules notary public is responsible for tax owed by buyer

by Irina Sfranciog and Rachael Segal | May 8, 2017 | Featured, Legal Issues

In Canada, resident sellers of a principal residence are usually eligible for an exemption from the capital gains tax that would otherwise be triggered by the sale of a principal residence. Non-resident sellers must pay a capital gains tax of 25 per cent on the...