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?
025758
2 Replies
TurboTaxBrenda
Moderator
Aug 26, 2024 12:56:57 PM
Will you be renting it out until you move in?
Delphision
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.