By Nathan Hwee, Chinneck Law There are specific legal and accounting matters that must be considered when a non-resident of Canada sells Canadian real estate. Whenever a non-resident of Canada sells Canadian property, the non-resident seller must pay tax on any gain realized on the sale to the Canadian Revenue Agency (“CRA”). To comfort the…

That’s right. As much as we think certified cheques and bank drafts are guaranteed funds, they are NOT guaranteed and can be reversed. That is a little known and very scary thought for everyone (including lawyers who deal with certified cheques and bank drafts every day). Believe it or not, lawyers who accept certified cheques…