Non-Resident Sellers

A non-resident seller should consult with a tax professional prior to selling their property to obtain a Clearance Certificate. It can take up to eight weeks or longer to obtain the certificate. For non-resident sales the sellers Notary is required to h9oldback approximately 25% or more of the sales price depending on the use of the property. This could be an issue if there are not enough funds to payout any existing financial charges. A seller may be able to claim hardship to obtain the issuance of the Certificate.

For more information  CRA