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New Member
posted Aug 22, 2024 1:40:25 PM

I am currently an American trying to purchase a vacation home (but primary residence after a year) with cash in Nova Scotia in need of much renovation. Purchasing taxes?

I plan on working & living in Canada in 2 years; however, for now what taxes should be listed on purchasing contract?

0 2 5758
2 Replies
Moderator
Aug 26, 2024 12:56:57 PM

Will you be renting it out until you move in?

Level 2
Dec 14, 2024 5:11:40 PM

Presumably there should be both GST and Provincial sales tax on the purchase agreement. These are taxes that will be forwarded by the seller.