Sentences with phrase «paid by the foreign buyer»

These are paid by the foreign buyer and are eligible to be financed as part of the loan.

Not exact matches

For the dividend to be considered as qualified divident rather than ordinary dividend, therefore subject to the favoriable tax rate, the dividends must be paid by a U.S. corporation or a qualified foreign corporation and the mutual fund that holds the dividend - paying stock must have held the equity for more than 60 days during the 121 - day period that begins 60 days before the ex-dividend date (the first date following the declaration of a dividend on which the buyer of a stock will not receive the next dividend payment.

The report, titled «In High Demand» and released Monday by Ryerson University's City Building Institute, favours a tax on foreign buyers — similar to the one introduced in Vancouver last summer — but suggests it should be implemented in addition to a «progressive surtax» on expensive homes owned by people who aren't paying income tax, including people with foreign capital.

Mr. Hasan cited one recent case, in which two investors paid $ 2.5 - million for side - by - side properties, then quickly assigned the contracts to a foreign buyer for $ 3 - million.

August 2, 2016: B.C.'s foreign buyer tax — Introduced by the B.C. government, this measure requires anyone buying a home in the Greater Vancouver area, who was not a Canadian citizen or permanent resident, to pay an additional 15 % tax in addition to all the existing costs associated with a real estate purchase.